Tax Calculator
Calculate your income tax, effective tax rate, and take-home pay
Income Tax Calculator
Tax Breakdown
Federal Tax
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State Tax
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Total Tax
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After-Tax Income
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Effective Tax Rate
0%
Marginal Tax Rate
0%
Tax Refund Calculator
Refund Analysis
Tax Liability
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Tax Withheld
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Refund/Owed
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Refund Status
-
Payroll Tax Calculator
Payroll Breakdown
Gross Pay
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Federal Income Tax
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FICA Taxes
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State Tax
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Net Pay
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Take-Home %
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Tax Information Guide
Tax Brackets 2024
The US uses a progressive tax system with different rates for different income levels.
- 10% on income up to $11,000
- 12% on income $11,001 to $44,725
- 22% on income $44,726 to $95,375
- 24% on income $95,376 to $182,050
- 32% on income $182,051 to $231,250
- 35% on income $231,251 to $578,125
- 37% on income over $578,125
Tax Rates
Understanding different types of tax rates helps with tax planning and financial decisions.
- Marginal Rate: Rate on your last dollar earned
- Effective Rate: Average rate on total income
- FICA: 7.65% (Social Security + Medicare)
- State Tax: Varies by state (0-13%)
Deductions
Deductions reduce your taxable income, potentially lowering your tax liability.
- Standard Deduction: Fixed amount based on filing status
- Itemized Deductions: Mortgage interest, charitable donations
- Above-the-line: 401(k), IRA contributions
- Tax Credits: Dollar-for-dollar tax reduction