Financial
Income Tax Calculator (US)
Estimate US federal income tax for 2024 brackets (single or married filing jointly).
Inputs
Income Tax Calculator (US)
Standard deduction defaults: $14,600 single / $29,200 MFJ.
Result
Federal tax owed
$10,541.00
- Take-home
- $74,459.00
- Effective rate
- 12.40%
- Marginal rate
- 22%
How it's calculated
Progressive brackets — each bracket taxes only income within it.
Common questions
Does this include state tax?
No — this is federal only. State tax varies by state and is added on top.
FICA (Social Security / Medicare)?
Not included. Add 7.65% for the employee share of FICA to model take-home more precisely.
How US federal brackets work
Brackets are marginal, not flat: only the income inside each bracket is taxed at that bracket's rate. Your effective rate — total tax divided by total income — is always lower than your marginal (top) bracket. This calculator uses 2024 IRS brackets for single and married-filing-jointly, minus your standard or itemized deduction.
What's not included
State income tax, FICA (Social Security + Medicare, 7.65% employee share), and local taxes are on top. Convert between pay periods with the Salary Calculator, and factor purchases with the Sales Tax Calculator.
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