US Income Tax Calculator

Tax Year Information
Income Details
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$
$
$
$
Long-term gains taxed at lower rates
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Deductions & Credits
$
Auto-calculated based on filing status
Tax Credits
$
Per qualifying child
$
Auto-calculated if eligible
$
$
State Taxes
$
For cities with local income taxes
Advanced Options

Understanding US Taxes

The US has a progressive tax system with seven federal income tax brackets ranging from 10% to 37%. Your income is taxed in portions at each bracket level.

Key steps in tax calculation:

  1. Calculate total income from all sources
  2. Subtract above-the-line deductions to get AGI
  3. Subtract standard/itemized deductions to get taxable income
  4. Apply tax brackets to calculate tax liability
  5. Subtract tax credits to determine final tax

Single Filers
  • 10%: $0 - $11,600
  • 12%: $11,601 - $47,150
  • 22%: $47,151 - $100,525
  • 24%: $100,526 - $191,950
  • 32%: $191,951 - $243,725
  • 35%: $243,726 - $609,350
  • 37%: Over $609,350
Married Filing Jointly
  • 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%: Over $731,200

Popular Deductions:
  • Standard Deduction: $14,600 (Single), $29,200 (MFJ)
  • Mortgage Interest (up to $750,000 debt)
  • State and Local Taxes (capped at $10,000)
  • Charitable Contributions
  • Student Loan Interest (up to $2,500)
Valuable Credits:
  • Child Tax Credit: Up to $2,000 per child
  • Earned Income Tax Credit: Up to $7,430
  • American Opportunity Credit: Up to $2,500
  • Lifetime Learning Credit: Up to $2,000
  • Saver's Credit: Up to $1,000
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Tax Examples
Income Status Tax
$50,000 Single $4,240
$75,000 Single $8,740
$100,000 MFJ $8,480
$150,000 MFJ $19,300
Examples assume standard deduction and no credits. Actual taxes may vary.
Tax Saving Tips
  • 1. Maximize retirement contributions (401k, IRA)
  • 2. Use Health Savings Accounts (HSAs)
  • 3. Harvest investment losses to offset gains
  • 4. Bundle charitable donations
  • 5. Claim all eligible tax credits
Important Dates
  • Jan 31: W-2s issued
  • Apr 15: Tax filing deadline
  • Oct 15: Extended deadline
  • Dec 31: Deadline for deductions
  • Apr 15: IRA contribution deadline
State Tax Info
No Income Tax States:

Alaska, Florida, Nevada, South Dakota, Texas, Washington, Wyoming

Highest Tax States:

California (13.3%), Hawaii (11%), New York (10.9%), New Jersey (10.75%)