About Income Tax Calculator
Calculate federal income tax liability based on your filing status, income, and deductions. Understand your effective tax rate and take-home pay after taxes.
Income Tax Tips
- Standard Deduction: 2024: $14,600 (Single), $29,200 (Married)
- Tax Brackets: Progressive rates from 10% to 37%
- Credits: Reduce tax dollar-for-dollar
- Deductions: Reduce taxable income
- FICA: Social Security (6.2%) + Medicare (1.45%)
- Withholding: Adjust W-4 for accurate withholding