ToolBox CS
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This calculator uses the tax rate schedule, as well as the effect of phase-outs, to determine a taxpayer's federal marginal tax rate for a specified tax year.
Note: This calculator does not consider other taxes, such as the effect of alternative minimum tax or capital gains tax.
To compare pre- and post-TCJA tax rates, use this calculator together with the Marginal Tax Rate (pre-TCJA) calculator.
Example
If your clients have an AGI of $115,000, are married and filing jointly, and have two children, what is their marginal tax rate?
| Field | Input |
|---|---|
| Filing status | Married Filing Joint |
| Adjusted gross income | $115,000 |
| Qualifying dependents for child credit | 2 |
In this example, your clients' marginal tax rate is 22%.
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