Income Tax Calculator
Estimate your US federal income tax using 2024 tax brackets.
Enter Your Information
$
Filing Status
Deduction Type
2024 Standard Deductions: Single: $14,600.00, Married: $29,200.00, Head of Household: $21,900.00
Your Results
Estimated Tax
$8,341.00
per year
Gross Income $75,000.00
Deduction $14,600.00
Taxable Income $60,400.00
Effective Rate 11.12%
Marginal Rate 22%
Take Home (Est.) $66,659.00
2024 US Tax Brackets
| Rate | Single | Married Filing Jointly | Head of Household |
|---|---|---|---|
| 10% | $0 - $11,600 | $0 - $23,200 | $0 - $16,550 |
| 12% | $11,601 - $47,150 | $23,201 - $94,300 | $16,551 - $63,100 |
| 22% | $47,151 - $100,525 | $94,301 - $201,050 | $63,101 - $100,500 |
| 24% | $100,526 - $191,950 | $201,051 - $383,900 | $100,501 - $191,950 |
| 32% | $191,951 - $243,725 | $383,901 - $487,450 | $191,951 - $243,700 |
| 35% | $243,726 - $609,350 | $487,451 - $731,200 | $243,701 - $609,350 |
| 37% | $609,351+ | $731,201+ | $609,351+ |
How Tax Calculations Work
US federal income tax uses a progressive bracket system. Your income is taxed at different rates for each portion that falls into each bracket. For example, if you're single with $60,000 taxable income:
- First $11,600 taxed at 10% = $1,160
- $11,601 - $47,150 taxed at 12% = $4,266
- $47,151 - $60,000 taxed at 22% = $2,827
- Total Tax: $8,253
About This Calculator
This calculator provides an estimate of your federal income tax liability based on 2024 tax brackets. It does not include state taxes, self-employment tax, or other deductions. Actual tax liability may vary based on credits, deductions, and other factors. Consult a tax professional for precise calculations.