Pinterest Pixel

IFS Formula in Excel

  What does it do? Checks multiple conditions and returns the value of the first TRUE condition... read more

Download Excel Workbook
Bryan
Posted on

Steps To Follow

Overview

 

What does it do?

Checks multiple conditions and returns the value of the first TRUE condition

Formula breakdown:

=IFS(logical_test1, value_if_true1, [logical_test2, value_if_true2], …)

What it means:

=IFS(first condition to check, value to return, [succeeding conditions to check], …)


If you have multiple logical conditions to check, instead of creating Nested IF Formulas, we can use Excel’s IFS Formula! It allows us to specify multiple conditions to check, then the IFS Formula will look for the first condition that gets satisfied!

Let us try it out on a simple tax table, then we will create an IFS Formula that will simulate the exact same logic of the table!

I explain how you can do this below:

IFS Formula in Excel | MyExcelOnline

Download excel workbookIFS-FORMULA.xlsx

STEP 1: We need to enter the IFS function in a blank cell:

=IFS(

IFS Formula in Excel

 

STEP 2: The IFS arguments:

logical_test1, value_if_true1

What is the first condition and value to return if the condition is met?

See also  Excel Extract First Name From Full Name

Let us start from the minimum value of the tax table. If the income is less than $8456, then the tax rate is 13%

=IFS(G8<8456, 13%, 

IFS Formula in Excel

logical_test2, value_if_true2

What is the second condition and value to return if the condition is met?

Going to the second row, if the income is less than $15874, then the tax rate is 18%

=IFS(G8<8456, 13%, G8<15874, 18%,

IFS Formula in Excel

logical_test3, value_if_true3

What is the third condition and value to return if the condition is met?

Going to the last row, if the income is greater than or equal to $15874, then the tax rate is 22%

=IFS(G8<8456, 13%, G8<15874, 18%, G8>=15874, 22%)

IFS Formula in Excel

You now have your correct tax rate!

IFS Formula in Excel

 

 

How to Use the IFS Formula in Excel

 

 

IFS Formula in Excel | MyExcelOnline

 

If you like this Excel tip, please share itEmail this to someone

email

Pin on Pinterest

Pinterest

Share on Facebook

Facebook

Tweet about this on Twitter

Twitter

Share on LinkedIn

Linkedin

See also  MAXIFS Formula in Excel
IFS Formula in Excel | MyExcelOnline
Bryan

Bryan is a best-selling book author of the 101 Excel Series paperback books.

Get Video Training

Advance your Microsoft Excel & Office Skills with the MyExcelOnline Academy!

Dramatically Reduce Repetition, Stress, and Overtime!
Exponentially Increase Your Chances of a Promotion, Pay Raise or New Job!

Learn in as little as 5 minutes a day or on your schedule.

Learn More!