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DoninGA
Level 15
Level 15
July 28, 2024

Your tax rate is based on your taxable income and your filing status.  Your federal taxable income is on the Form 1040 Line 15.

 

Go to this IRS website for the 2023 tax rates - https://www.irs.gov/filing/federal-income-tax-rates-and-brackets

Level 2
April 16, 2026

The question was how do I "find" my tax rate.  You didnt answer the question!

 

Plus, a tax rate is a percentage. Don't point someone to a dollar amount.

Level 15
April 16, 2026

Your tax rate can be found in one of two ways. 

  1. Take your total tax divided by your taxable income on your Form 1040 (Line 24/Line 15).
  2. Take the total tax divided by your adjusted gross income (before deductions) (Line 24/Line 11a or 11b which is the same number)

The latter is a better reflection of your tax rate based on your overall income.

 

There are many factors that actually go into this formula, but the simple answer is what is provided above.

 

@stodman 

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