Marginal vs. effective tax rate: What’s the difference?
These both help taxpayers understand how much they owe the IRS.
3 min read
Oct 25, 2024
Andrea Coombes, CFP®
Editor, Tax
EDUCATION
- University of California at Berkeley/B.A. in Sociology
- University of California at Berkeley/Master’s in Journalism
Andrea Coombes, a tax editor at Bankrate, loves to translate complex personal finance topics into understandable content that helps people live their best financial lives. She’s a Certified Financial Planner™ and over the past 20 years has worked as a financial coach, personal finance writer and editor and volunteer tax preparer.
Her work has been published in the Wall Street Journal, USA Today, Yahoo Finance, San Francisco Chronicle, Miami Herald and more.
Andrea's latest articles
-
-
2024-2025 tax brackets and federal income tax rates
Preparing for the 2024 tax season and unsure about your tax bracket? Bankrate can help.
4 min read Oct 25, 2024 -
Alternative minimum tax 2024-2025: What it is and who has to pay
The AMT has its own set of tax rates and requires a separate calculation.
2 min read Oct 25, 2024 -
