💰 Finance

Income Tax Calculator 2024

Estimate your federal income tax for 2024. See effective rate, marginal bracket, and a full breakdown.

Gross Annual Income

Filing Status

Deduction

Tax Credits (child tax credit, etc.)

Estimated Federal Tax

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Effective Tax Rate

—%

Marginal Bracket

—%

Tax Bracket Breakdown

How federal income tax works

The US uses a progressive (marginal) tax system — only the income within each bracket is taxed at that bracket's rate. Your entire income is never taxed at your top rate.

Tax = Σ (bracket_income × bracket_rate)
Effective Rate = Total Tax ÷ Gross Income × 100

Texas residents: Texas has no state income tax, so your total tax burden is lower than in most other large states.

⚠️ Estimate only — based on 2024 federal brackets. Does not include Social Security, Medicare, AMT, investment income, or state taxes. Consult a tax professional for your exact liability.