MARGINAL

What your next dollar of retirement income actually costs.

22.2%

At $40,000 of ordinary income, one more dollar costs you 22.2 cents. The tax table says 12%.

Drag across the chart to read any income.

at $40,000 of ordinary income

A calculator, not advice

MARGINAL computes and displays. It does not recommend an action, and nothing here is tax, legal or investment advice. Check any figure that matters with a professional who has seen your whole return.

What is modelled

United States federal income tax for a single filer in tax year 2026: the ordinary brackets, long-term capital gains stacked on top of ordinary income, taxation of Social Security benefits, the standard deduction with the age-65 addition and the temporary senior bonus deduction with its phase-out, Medicare Part B IRMAA, and required minimum distributions.

What is not modelled

State income tax. The alternative minimum tax. The net investment income tax. Medicare Part D IRMAA. ACA premium subsidies before 65. The widow's penalty. Qualified charitable distributions. Cost basis in taxable accounts. Itemised deductions. The IRMAA two-year lookback, which this single-year view approximates by using this year's own income.

Where the numbers come from

Every constant is taken from the IRS inflation adjustments for 2026, IRS Publications 915 and 590-B, and the CMS Medicare premium notice, and is listed with its source in the project's audit file. Known discrepancies are recorded there rather than hidden.