
Marginal vs. effective tax rate: What’s the difference?
These both help taxpayers understand how much they owe the IRS.
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Hana LaRock is a former home insurance and auto insurance writer for Bankrate. Though she has written in many niches in her seven years as a freelance writer, Hana enjoys writing about personal finance and has appeared on Business Insider, Pocketsense, The Billfold and Benzinga, to name a few. When she's not writing, you can find her traveling, reading or scrapbooking.
These both help taxpayers understand how much they owe the IRS.
You’ll need to know your MAGI to determine whether you qualify for certain tax benefits.