Income Tax Calculator
Estimate your US federal income tax based on 2024 tax brackets. Includes filing status and standard deduction.
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2024 standard deduction: $14,600 (single), $29,200 (married), $21,900 (head)
Taxable Income
$60,400
Federal Tax
$8,341
Effective Rate
13.8%
| Bracket | Taxable Amount | Tax |
|---|---|---|
| 1 - 11,600 | $11,600 | $1,160 |
| 11,601 - 47,150 | $35,550 | $4,266 |
| 47,151 - 100,525 | $13,250 | $2,915 |
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Frequently Asked Questions
What is the standard deduction?
The standard deduction is a fixed dollar amount that reduces the income you are taxed on. For 2024, it is $14,600 for single filers, $29,200 for married couples, and $21,900 for heads of household.
Does this include state tax?
No. This calculator estimates federal income tax only. State and local taxes vary by location and are not included.
What is the difference between marginal and effective tax rate?
Your marginal rate is the tax on your next dollar of income. Your effective rate is your total tax divided by taxable income. This calculator shows your effective rate, which is typically lower than your top marginal bracket.