Marginal vs. effective tax rate: How they differ and how to calculate each rate
Knowing the difference between your marginal and effective tax rate can help you manage your money better.
4 min read
Jan 23, 2025
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
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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 -
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Taxes
Choosing a tax service doesn't have to be daunting. Use our list of the latest and greatest to find the tax services that are best for you.
1 min read Jan 01, 2024 -
Tax refund schedule 2024: How long it takes to get your tax refund
Discover how long it may take to receive your tax refund in 2024.
3 min read Jan 12, 2023