Calculate your estimated federal income tax liability for the current tax year.
Single
Married Filing Jointly
Married Filing Separately
Head of Household
Estimated Federal Income Tax
$0
USD
Understanding Your US Federal Income Tax Calculation
This calculator provides an estimation of your federal income tax liability based on your taxable income and filing status.
The US federal income tax system is progressive, meaning that higher portions of your income are taxed at higher rates.
The tax brackets and rates change annually. This calculator uses the rates for the 2023 tax year.
How it Works:
The calculation involves determining which tax bracket your taxable income falls into and applying the corresponding marginal tax rates.
Here's a simplified breakdown for the 2023 tax year:
Tax Brackets and Rates (2023):
Single Filers
10% on income up to $11,000
12% on income between $11,001 and $44,725
22% on income between $44,726 and $95,375
24% on income between $95,376 and $182,100
32% on income between $182,101 and $231,250
35% on income between $231,251 and $578,125
37% on income over $578,125
Married Filing Jointly
10% on income up to $22,000
12% on income between $22,001 and $89,450
22% on income between $89,451 and $190,750
24% on income between $190,751 and $364,200
32% on income between $364,201 and $462,500
35% on income between $462,501 and $693,750
37% on income over $693,750
Married Filing Separately
10% on income up to $11,000
12% on income between $11,001 and $44,725
22% on income between $44,726 and $95,375
24% on income between $95,376 and $182,100
32% on income between $182,101 and $231,250
35% on income between $231,251 and $346,875
37% on income over $346,875
Head of Household
10% on income up to $15,700
12% on income between $15,701 and $63,000
22% on income between $63,001 and $100,525
24% on income between $100,526 and $191,950
32% on income between $191,951 and $240,950
35% on income between $240,951 and $609,350
37% on income over $609,350
The calculator takes your total taxable income and applies these rates progressively. For instance, if you are a single filer with $60,000 in taxable income, the first $11,000 is taxed at 10%, the next $33,725 ($44,725 – $11,000) is taxed at 12%, and the remaining $15,275 ($60,000 – $44,725) is taxed at 22%. The sum of these amounts gives your total estimated tax.
Important Disclaimer:
This calculator is for informational purposes only and does not constitute tax advice. Tax laws are complex and subject to change. Your actual tax liability may differ due to various factors, including deductions, credits, state taxes, and specific tax situations. Consult with a qualified tax professional for personalized advice.