Dynamic tax brackets

Hi - Dave here. Happy Friday! Last week, I shared a formula to calculate tax brackets with a formula in Excel. However, I did not include a way to easily change the taxpayer status (e.g., married vs. single), which affects how taxes are calculated. This week, I've updated the worksheet to allow dynamic selection of taxpayer status. Now, when a different status is selected, the correct rates are fetched from a master tax rate table: [Income tax calculation with dynamic tax brackets]( [[Download the workbook and read the full explanation](] The updated workbook includes a master tax rate table and new formulas to retrieve the relevant columns from the table based on taxpayer status, which is a dropdown list. It has both "modern" formulas that require a current version of Excel and "traditional" formulas that will work in any version. I've also updated the article to explain how these formulas work. Download the worksheet to see how it works. Excel formulas We maintain a list of over 500 working formulas [here](. If you need more structure, we also offer [video training](. Have a great weekend! Dave The Exceljet newsletter is free and sent weekly on Fridays. Each week, I take a detailed look at one useful Excel formula. You can sign up on our [home page](. [View this email in a browser]( [Exceljet Logo]( Exceljet P.O. Box 4804 Salt Lake City, UT 84110 Copyright © 2024 Exceljet, All rights reserved. You received this email because you are subscribed to our newsletter. To unsubscribe, click the link below. [Unsubscribe](