Annual gross income Think of this as your salary, or the sum of your wages and tips, plus any income from interest, dividends, alimony, retirement distributions, unemployment compensation and Social ...

Input the total of your itemized deductions, such as mortgage interest, charitable contributions, medical and dental expenses, and state taxes. If your total itemized deductions are less than the ...

It’s likely that portions of your taxable income are taxed at different rates, in different tax brackets. Your marginal tax bracket represents the highest tax rate you’ll pay on your taxable income.

Marginal vs. effective tax rates are two ways to express the percentage of your income that goes to tax. But they're each ...

Effective tax rate and marginal tax bracket might seem like complicated tax terms, but they’re simply two different ways to express how much you pay in taxes. The main difference between marginal and ...