Income Tax Calculator
Estimate take-home pay after federal, state, and FICA taxes. Enter gross salary and filing status. See breakdown of each tax type and your effective tax rate. US brackets only.
Discover More Free Tools
How to Use This Tool
- Enter your gross annual salary or hourly wage.
- Select your filing status and state.
- Add any deductions or additional income sources.
- View your estimated take-home pay with a detailed tax breakdown.
Related Tools
Mortgage Calculator
Estimate your monthly mortgage payment including principal, interest, property tax, and insurance. See total cost over the loan term and how extra payments shorten it.
Compound Interest Calculator
See how compound interest grows your money over time. Adjust principal, monthly contributions, rate, and compounding frequency. Shows year-by-year breakdown.
Discount Calculator
Calculate the final price after a percentage or dollar discount. Shows savings amount and discounted total. Works both ways — enter the sale price to find the discount percentage.
Frequently Asked Questions
How accurate is this income tax estimate?
This calculator provides a general estimate based on current tax brackets and standard deductions. Actual taxes may vary based on specific deductions, credits, and local taxes not included in this calculation.
What deductions are included?
The calculator includes standard federal income tax deductions based on your filing status. It does not include state-specific deductions, local taxes, or itemized deductions.
Does this calculator handle self-employment income?
This calculator is designed for W-2 employees. Self-employed individuals should account for additional self-employment tax (Social Security and Medicare) which is approximately 15.3%.
How often are tax rates updated?
Tax brackets and rates are updated annually based on IRS guidelines. This calculator uses the most current tax year data available.
Does this calculator show take-home pay?
Yes, our income tax calculator estimates your take-home pay after taxes. Enter your gross salary and it will calculate your estimated net pay based on standard tax rates.