Income Tax Calculator – Federal Tax Estimate
Estimate federal income tax for any income and filing status. See effective and marginal rates.
📊 Finance📐 Progressive marginal rate brackets
Annual income ($)
Filing status
Please enter valid values.
Formula & Reference
| Variable | Formula | Units |
|---|---|---|
| Income Tax Calculator – Federal Tax Estimate | Progressive marginal rate brackets | $ |
Step-by-Step Examples
Example 1
$85K, Single
$85,000 single filer.
- Standard deduction: $14,600 | Taxable: $70,400
- Federal: ~$12,000 | Effective: 14.1%
✓ ~$12,000 / 14.1% effective
Example 2
$150K, Married
$150,000 married filing jointly.
- Deduction: $29,200 | Federal: ~$17,000
- Effective: 11.3%
✓ ~$17,000 / 11.3%
Example 3
$50K, Single
$50,000.
- Federal: ~$4,800 | Effective: 9.6%
✓ ~$4,800 / 9.6%
Real-World Applications
Everyone
Estimate federal income tax quickly.
Tax Planners
Plan tax-reducing strategies.
Job Seekers
Understand true take-home from offers.
Advisors
Quick tax estimate for client planning.
Common Mistakes to Avoid
⚠️
Confusing marginal and effective rate
22% marginal does NOT mean 22% of all income. Effective rate is what you actually pay.
⚠️
Not maximizing deductions
401k, IRA, HSA all reduce taxable income. Model these before year-end.
Frequently Asked Questions
2024 standard deduction? ▾
Single: $14,600. Married: $29,200. Head of household: $21,900.
When to itemize? ▾
Itemize if deductions (mortgage interest, SALT up to $10K, donations) exceed standard deduction.
Self-employment taxes? ▾
Add 15.3% SE tax on net self-employed income. Deduct half on Schedule 1.