How does the automated marginal rate chart work? I see the Tax Rates worksheet in the toolbox but that doesn't seem to do much.Any of the Tax estimation tools listed there could be used, but only one provides an Automated marginal rate chart. For the others, it may take much more work (calculate taxes one step at a time and then calculate the marginal rates "by hand") but it can be done if Excel is not available.If not, taxcaster could also help - https://turbotax.intuit.com/tax-tools/c ... taxcaster/Can you use Excel?
For the other tools, the OP could increase / decrease the 401k by $100 and look at the difference in taxes to figure out their marginal rate.
Statistics: Posted by ThankYouJack — Sat Aug 31, 2024 7:22 pm