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, 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.
These both help taxpayers understand how much they owe the IRS.
Preparing for the 2024 tax season and unsure about your tax bracket? Bankrate can help.
The AMT has its own set of tax rates and requires a separate calculation.