What is the formula to calculate the tax advantage of your allowances?

    Thanks!

    Tax advantage formula?
    byu/muel87 inMilitaryFinance



    Posted by muel87

    1 Comment

    1. Amount of your tax free allowances times your marginal rate. Possibly your marginal rate and the next higher one if you’re close enough to the top of a bracket. 

      You can just put your info in the RMC calculator although that doesn’t account for things like the EITC. 

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