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Tax Calculator

Calculate your complete US tax picture — federal income tax by bracket, FICA (Social Security & Medicare), state income tax, deductions, credits, and your true take-home pay.

Based on 2024 IRS tax brackets & FICA rates — for estimation only, not tax advice

Income Information

Enter all income sources — wages, freelance, investments, and more

Filing Status
Employment Income

Subject to SE tax (15.3%)

Investment & Passive Income

Taxed at lower LTCG rates

Taxed as ordinary income

0%, 15%, or 20% rate

Other Income

Deductions & Adjustments

Choose standard or itemize — the larger amount is automatically applied

Deduction Method

2024 Standard Deduction

Married Filing Jointly: $29,200

$29,200
Above-the-Line Adjustments (Reduce AGI)

2024 limit: $23,000

2024 limit: $7,000

2024 limit: $4,150 / $8,300 family

Max $2,500 deductible

50% of SE tax

Tax Credits

Credits reduce your tax bill dollar-for-dollar (better than deductions)

Child Tax Credit: $2,000/child

State Income Tax

Select your state to auto-estimate state income tax

Taxes Already Withheld / Paid

Compare against your tax bill to estimate refund or balance owed

From W-2 Box 2

From W-2 Box 17

Quarterly payments made

Total Tax Burden
federal + state + FICA
Estimated Refund / Owed
calculate to see
Annual Take-Home Pay
— / month
— / bi-weekly

Effective Tax Rates

Effective Federal Rate
Marginal Federal Rate
State Effective Rate
FICA Effective Rate
All-In Effective Rate

Key Tax Numbers

Gross Income
Adjustments (ATL)
AGI
Deduction
Taxable Income
Federal Tax
State Tax
FICA Total

Tax Breakdown (% of Gross)

Where Does Your Money Go?

Take-Home
—%

2024 Federal Brackets (MFJ)

10%$0 – $23,200
12%$23,201 – $94,300
22%$94,301 – $201,050
24%$201,051 – $383,900
32%$383,901 – $487,450
35%$487,451 – $731,200
37%$731,201+

2024 FICA Rates

SS Wage Base$168,600
Employee SS Rate6.2%
Employee Medicare1.45%
Additional Medicare+0.9% over threshold
SE Tax Rate15.3% (on 92.35%)