Tax Tools
Income Tax Calculator 2024
Estimate your 2024 US federal income taxes. Enter your income, filing status, and deductions to see your marginal rate, effective rate, FICA taxes, and estimated take-home pay.
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2024 US Federal Income Tax
Estimates federal income tax + FICA. State taxes not included.
Filing status
Breakdown
Tax summary
Federal tax bracket breakdown
| Rate | Range | Taxable in bracket | Tax |
|---|---|---|---|
| 10% | $0 – $11,600 | $11,600 | $1,160 |
| 12% | $11,600 – $47,150 | $35,550 | $4,266 |
| 22% | $47,150 – $100,525 | $13,250 | $2,915 |
How federal income taxes work
01
Calculate taxable income
Subtract your standard (or itemized) deductions from gross income to get your taxable income.
02
Apply tax brackets
The US uses a progressive tax system — only income within each bracket is taxed at that bracket's rate.
03
Add FICA taxes
Social Security (6.2%) and Medicare (1.45%) taxes are calculated separately on earned income.
Frequently asked questions
What's the difference between marginal and effective tax rate? ▼
Your marginal rate is the rate on your last dollar of income (your 'tax bracket'). Your effective rate is the average rate you pay across all income — always lower than the marginal rate. Example: with a 22% marginal rate, your effective rate might be 14%.
What is the standard deduction for 2024? ▼
For 2024: Single filers get $14,600; Married Filing Jointly get $29,200; Head of Household gets $21,900. Most taxpayers take the standard deduction rather than itemizing.
Does this calculator include state taxes? ▼
No — this calculator estimates federal taxes only. State income tax rates range from 0% (TX, FL, WA) to over 13% (CA). Add your state's rate for a complete picture.
Disclaimer: For estimation purposes only. Does not include state taxes, AMT, self-employment tax, credits, or other adjustments. Consult a qualified tax professional for advice specific to your situation.
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