Tax Estimator

Federal & State Tax Calculator

Estimate your take-home pay after federal, state, Social Security, and Medicare taxes

What's Included

Federal Income Tax

2024 brackets with standard deduction ($14,600)

State Income Tax

Flat rate on adjusted gross income

Social Security (6.2%)

Up to $168,600 wage base

Medicare (1.45%)

No wage base limit

Reduce Your Taxes

Maximize 401(k) contributions ($23,000 limit)
Use pre-tax health insurance (FSA/HSA)
Consider states with no income tax

Tax Calculator

Gross Annual Income (Before Taxes)

Quick fill:

401(k) Contribution Pre-tax retirement contribution as % of gross income

Health Insurance (Annual) Pre-tax health insurance premiums per year

State Tax Rate Enter 0 for states with no income tax (TX, FL, WA, etc.)

Common rates:

Frequently Asked Questions

The standard deduction reduces your taxable income. For 2024, it's $14,600 for single filers and $29,200 for married filing jointly. This calculator uses the single filer amount.

Traditional 401(k) contributions are pre-tax, meaning they reduce your adjusted gross income before federal and state taxes are calculated. You still pay FICA taxes on the full amount.

Nine states have no state income tax: Alaska, Florida, Nevada, New Hampshire, South Dakota, Tennessee, Texas, Washington, and Wyoming. Enter 0% for state tax rate if you live in one of these states.

This provides estimates based on standard deductions and 2024 federal tax brackets. Actual taxes vary based on filing status, itemized deductions, tax credits, and other factors. Consult a tax professional for precise calculations.