Overview of Federal Income Taxes
Income in America is taxed by the federal government, most state governments and many local governments.
The federal income tax system is progressive, so the rate of taxation increases as income increases. Marginal tax rates range from 10% to 37%.
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Number of State Personal Exemptions
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Your Income Taxes Breakdown
Tax Type | Marginal Tax Rate | Effective Tax Rate | 2024 Taxes* |
Federal |