Income Tax Calculator

Calculate your federal and state income taxes, take-home pay, and effective tax rates for 2024.

Tax Year:

Filing Status:

Annual Gross Income ($):

Pay Frequency:

State:

Age:

Number of Dependents:

Deductions

Deduction Type:

Pre-tax Deductions

401(k) Contribution ($):

Health Insurance Premium ($):

HSA Contribution ($):

Other Pre-tax Deductions ($):

2024 Tax Information

Federal Tax Brackets (2024)

Single Filers

10% on income up to $11,000
12% on income $11,001 to $44,725
22% on income $44,726 to $95,375
24% on income $95,376 to $182,050
32% on income $182,051 to $231,250
35% on income $231,251 to $578,125
37% on income over $578,125

Married Filing Jointly

10% on income up to $22,000
12% on income $22,001 to $89,450
22% on income $89,451 to $190,750
24% on income $190,751 to $364,200
32% on income $364,201 to $462,500
35% on income $462,501 to $693,750
37% on income over $693,750

Standard Deductions (2024)

Single: $14,600
Married Filing Jointly: $29,200
Married Filing Separately: $14,600
Head of Household: $21,900

Payroll Tax Rates (2024)

Social Security: 6.2% (on wages up to $168,600)
Medicare: 1.45% (on all wages)
Additional Medicare: 0.9% (on wages over $200,000)

Tax Planning Tips

Maximize contributions to tax-advantaged accounts (401k, IRA, HSA)
Consider itemizing deductions if they exceed the standard deduction
Plan charitable giving and other deductible expenses
Review your withholdings to avoid overpaying or underpaying taxes
Consider tax-loss harvesting for investment accounts

Important Notes

This calculator provides estimates based on 2024 tax brackets and standard deductions
State tax calculations use simplified flat rates and may not reflect actual progressive rates
Additional factors like AMT, EITC, and other credits are not included
Consult a tax professional for comprehensive tax planning
Results are for informational purposes only