Estimate your federal income tax using 2024 IRS brackets. See your marginal and effective rates, plus FICA and an optional state tax. Simplified estimate — not tax advice.
e.g. 401(k), HSA, itemized above standard
Flat estimate, 0 for no-income-tax states
| Rate | Taxed at this rate | Tax in bracket |
|---|---|---|
| 10% | $11,600 | $1,160 |
| 12% | $35,550 | $4,266 |
| 22% | $13,250 | $2,915 |
| 24% | $0 | $0 |
| 32% | $0 | $0 |
| 35% | $0 | $0 |
| 37% | $0 | $0 |
Progressive brackets: each chunk of your taxable income is taxed at the rate for that bracket. The top rate that applies to you is your marginal rate. Your effective rate is your total tax divided by your gross income.