Finance
Income Tax Calculator
Estimate your US federal income tax based on your annual income and filing status using the latest 2024 tax brackets.
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Frequently Asked Questions
What is effective tax rate?
Your effective tax rate is the average rate you pay on your total income. It's different from your marginal rate, which only applies to the last dollar earned.
What is the standard deduction?
The 2024 standard deduction is $14,600 for single filers and $29,200 for married filing jointly. This calculator uses gross income without deductions.