Income Tax Estimator
Estimate US federal income tax using 2024 tax brackets.
$8,341
Estimated Federal Tax
13.81%
Effective Tax Rate
22%
Marginal Tax Bracket
$66,659
After-Tax Income
$60,400
Taxable Income
$14,600
Deduction
Bracket Breakdown
10% on $0 – $11,600$1,160
12% on $11,600 – $47,150$4,266
22% on $47,150 – $100,525$2,915
About This Tool
Estimates 2024 US federal income tax using the seven progressive brackets (10%–37%). Enter gross income, choose a filing status, and optionally override the standard deduction.
Results show estimated federal tax, effective rate, marginal bracket, after-tax income, taxable income, and a per-bracket breakdown. State taxes and FICA are not included.
How to Use
- Enter your gross income.
- Select your filing status (Single, MFJ, MFS, or Head of Household).
- Use the standard deduction or enter a custom amount.
- Read the results — federal tax estimate, effective rate, and bracket breakdown.
Use Cases
Individuals estimating their federal tax liability before filing. Financial planners doing rough tax projections. Students learning how progressive tax brackets work. Freelancers estimating quarterly tax payments.
FAQ
- Does this include state taxes? — No. This tool estimates federal income tax only using 2024 IRS brackets. State taxes, FICA (Social Security + Medicare), AMT, and credits are not calculated.
- What is the effective tax rate vs. marginal rate? — The marginal rate is the rate applied to the last dollar of taxable income. The effective rate is total tax divided by taxable income — your actual average rate.
- Are the brackets current? — The tool uses 2024 US federal income tax brackets. Tax law changes frequently — always verify with IRS.gov or a tax professional for the current year.