How do I figure out my marginal tax rate for 2018? Do I just see how much tax I paid and where that falls in the 2018 tax table? Or does Turbo Tax list it somewhere?

sunnym80 — Thu, 20 Jun 2019 03:36:54 GMT

It used to list it in the summary but I can't find that page after filing the return.

Re: How do I figure out my marginal tax rate for 2018? Do I just see how much tax I paid and where that falls in the 2018 tax table? Or does Turbo Tax list it somewhere?

macuser_22 — Thu, 20 Jun 2019 03:56:16 GMT

What ever tax bracket your taxable income (1040 line 10) is in is your marginal tax rate.

Re: How do I figure out my marginal tax rate for 2018? Do I just see how much tax I paid and where that falls in the 2018 tax table? Or does Turbo Tax list it somewhere?

dmertz — Thu, 20 Jun 2019 11:23:43 GMT

Tax bracket is only one factor in determining marginal tax rate. Other things such as tax credits and the taxability of Social Security income can be affected by AGI that will also have an impact on marginal tax rate.

TurboTax does not calculate marginal tax rate, it never has. (Even though it might have provided an item labeled "marginal tax rate," it was not.) To determine the marginal tax rate for a particular type of income you must add or subtract that type of income, see the resulting change in tax liability, then divide the change in tax liability by the change you made in income. I commonly use changes in income of $1,000 to make the calculation easy.

Online TurboTax is not particularly suitable for doing this sort of experimentation since you must use a separate online account from the one that you use to file your tax return. I suggest using the CD/download version of TurboTax instead. Not only does the CD/download version allow you to create multiple test tax returns, it also has a What-If Worksheet in forms mode that allows you to compare various income scenarios side by side and to use the following year's tax tables.

topic How do I figure out my marginal tax rate for 2018? Do I just see how much tax I paid and where that falls in the 2018 tax table? Or does Turbo Tax list it somewhere? in Get your taxes done using TurboTax

How do I figure out my marginal tax rate for 2018? Do I just see how much tax I paid and where that falls in the 2018 tax table? Or does Turbo Tax list it somewhere?

Re: How do I figure out my marginal tax rate for 2018? Do I just see how much tax I paid and where that falls in the 2018 tax table? Or does Turbo Tax list it somewhere?

Re: How do I figure out my marginal tax rate for 2018? Do I just see how much tax I paid and where that falls in the 2018 tax table? Or does Turbo Tax list it somewhere?