Income Tax Calculator
Estimate your federal income tax, taxable income, and effective tax rate.
$
$
Standard deduction of $14,600.00 is already included.
Tax Breakdown
Total Estimated Tax
$0.00
Effective Tax Rate
0.0%
Marginal Tax Rate
0%
Taxable Income$0.00
After-Tax Income
$0.00
This calculator uses standard 2024 IRS tax brackets and simplified rules. Actual tax liability depend on individual circumstances, credits, and state taxes.
Income Tax Calculator
Estimate your federal income tax, taxable income, and effective tax rate.
How Federal Income Tax is Calculated
In the United States, the federal income tax is progressive, meaning higher portions of your income are taxed at higher rates. The "Marginal Tax Rate" is the rate you pay on your last dollar of income, while the "Effective Tax Rate" is the actual percentage of your total income that goes to taxes after deductions.
Standard Deduction
Most taxpayers choose the standard deduction rather than itemizing. For 2024, the standard deduction is $14,600 for single filers and $29,200 for married couples filing jointly.