Tax Planning
CAPITAL GAINS · LOSS HARVESTING · TAX-EFFICIENT
Tax Brackets
7
Federal 2024
LT Cap Gains Max
20%
vs 37% short-term
401k Limit
$23,000
2024 contribution
Gift Exclusion
$18,000
Per recipient 2024
Estate Exemption
$13.61M
Federal 2024
Educational simulator only. Tax law is complex and varies by situation. Consult a qualified CPA or tax advisor before making tax decisions.
Federal Income Tax Calculator (2024, Single Filer)
Total Tax
$13,753
Effective Rate
16.2%
Marginal Rate
22.0%
Tax Bracket Waterfall Chart
Marginal Rate: 22.0%
Rate applied to your last dollar. Applies to your next raise or bonus.
Effective Rate: 16.2%
Total tax ÷ total income. Always lower than marginal rate due to progressive brackets.
Bracket-by-Bracket Breakdown
Long-Term Capital Gains Rates (2024, Single)
0%
Income $0 – $47k
15%
Income $0 – $519k
Your Rate20%
Income > $519k
At $85,000 income your LT cap gains rate is15.0%. Short-term gains taxed as ordinary income (22.0% marginal).