Tax Calculator
Calculate income tax and after-tax income
📊 Income Details
💡 Quick Examples
🧮 Tax Calculation
📊 US Federal Tax Brackets Reference (2024)
10%
$0 - $11,000
Lowest bracket
12%
$11,001 - $44,725
Low income
22%
$44,726 - $95,375
Middle class
24%
$95,376 - $182,050
Upper middle
32%
$182,051 - $231,250
High income
35%
$231,251 - $578,125
Very high
37%
$578,126+
Top bracket
* This is a simplified calculator. Actual tax calculations involve progressive brackets, deductions, and credits.
💡 Tax Planning Tips
• 401(k) Contributions: Reduce taxable income with pre-tax retirement savings
• Health Savings Account: Triple tax advantage for medical expenses
• Tax-Loss Harvesting: Offset gains with investment losses
• Charitable Giving: Deduct donations to qualified organizations
• Mortgage Interest: Deduct interest on primary residence
• State and Local Taxes: Up to $10,000 SALT deduction
• Education Credits: American Opportunity and Lifetime Learning credits
• Professional Help: Consider CPA for complex situations
💰Formula
Tax Amount = Income × (Tax Rate / 100)💡How it works
Enter your annual income and tax rate percentage. The calculator computes your tax liability and remaining after-tax income.