Find your federal tax bracket and understand your marginal vs. effective tax rate.
TurboTax Self-Employed finds every deduction to lower your bracket.
Try TurboTax Self-Employed →| Rate | Single | Married Filing Jointly |
|---|---|---|
| 10% | $0 – $11,925 | $0 – $23,850 |
| 12% | $11,926 – $48,475 | $23,851 – $96,950 |
| 22% | $48,476 – $103,350 | $96,951 – $206,700 |
| 24% | $103,351 – $197,300 | $206,701 – $394,600 |
| 32% | $197,301 – $250,525 | $394,601 – $501,050 |
| 35% | $250,526 – $626,350 | $501,051 – $751,600 |
| 37% | Over $626,350 | Over $751,600 |
Marginal = rate on your last dollar. Effective = total tax / total income. At $75,000 single, marginal is 22% but effective is ~13%. You only pay 22% on dollars above $48,475.
Max 401(k) ($23,500 in 2025), HSA ($4,300 single), take all business deductions. Every $1,000 in deductions saves you $220 if you're in the 22% bracket.