Tax Calculator
Calculate federal and state income taxes for 2024
Deductions & Adjustments
About Tax Calculation
Important Notes
- • Based on 2024 tax rates and brackets
- • State taxes are simplified estimates
- • Does not include local taxes
- • Consult a tax professional for accuracy
Tax Terms
- • Effective Tax Rate: Total tax ÷ Gross income
- • Marginal Tax Rate: Rate on next dollar earned
- • Standard Deduction: Automatic deduction amount
- • Itemized Deductions: Specific expenses you can deduct