To calculate your effective tax rate, you need two numbers: the total amount you paid in taxes and your taxable income for that year. You can find both numbers on your tax return.

Your effective tax rate is a good indicator of how well you've been managing your tax situation. It's smart to calculate your effective tax rate each year to… ...

It's smart to calculate your effective tax rate each year to make adjustments to your withholding amount and budget for the year ahead. Your tax preparer may provide you with your effective tax ...