Income Tax Calculator
An income tax calculator helps you calculate your federal income tax liability, take-home pay, and tax bracket placement based on current tax laws. Use our free income tax calculator to determine how much tax you owe, your effective tax rate, and your net income after taxes. This tool accounts for filing status, deductions, credits, and progressive tax brackets to provide accurate tax calculations. Calculate your income tax instantly to plan your finances, estimate tax payments, and understand your tax obligations.
Free • Tax planning • Take-home pay
How Income Tax Calculation Works
Income Tax Formula
Tax = Σ(Tax Rate × Taxable Income in Bracket)
Taxable Income: Gross Income - Deductions - Exemptions
Progressive Rates: Higher income taxed at higher rates
Standard Deduction: $13,850 (single), $27,700 (married)
Effective Rate: Total Tax ÷ Gross Income
Example Income Tax Calculation
A single filer with $75,000 gross income takes the $13,850 standard deduction, leaving $61,150 taxable income. Federal tax is $8,947 (14.9% effective rate), resulting in $66,053 take-home pay.
This shows how progressive tax brackets affect different income levels.
Benefits of Income Tax Calculator
Frequently Asked Questions
What is the difference between gross and taxable income?
Gross income is total earnings before deductions. Taxable income is gross income minus deductions and exemptions that the government doesn't tax.
Should I take standard or itemized deductions?
Take whichever is larger. Standard deduction is $13,850 for singles. Itemize if your mortgage interest, state taxes, and charitable gifts exceed this amount.
How do tax brackets work?
Tax brackets are progressive - only income within each bracket is taxed at that rate. Higher income portions are taxed at higher rates.
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Get accurate tax calculations and understand your take-home pay with our comprehensive income tax calculator.
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