Finance calculators

2026 Tax Calculator

Updated Jul 17, 2026 By Jehan Wadia
Rate Formulas

Live Estimate — Updates as You Enter Data

Tax Year 2026 · Federal figures recalculate instantly on every change.
Estimated Federal Tax
$0
Estimated Refund
$0
Effective Tax Rate
0%
Taxpayer Profile
Single: unmarried on Dec 31, 2026. MFJ: married, combined return. MFS: married, separate returns. HoH: unmarried and paying >half a home for a dependent. QSS: widowed with a dependent child.
Age 65+ adds an extra standard deduction.
If Yes, your standard deduction is limited.
Used for state & local tax only.
Local income tax where applicable.
Income
W-2 Box 1.
Adjusted Gross Income (AGI): $0 Taxable Social Security: $0
Deductions
Standard vs itemized comparison appears here.

Additional Deductions (Above-the-Line) — apply either way
2026 limit: $300 per educator.
Capped at $2,500.
AGI: $0 Deduction Used: $0 Taxable Income: $0
Credits & Withholding

Tax Credits — reduce your tax bill dollar-for-dollar
$2,200 each (2026), up to $1,700 refundable.2026 law
$500 Credit for Other Dependents.
Cap: $3,000 (1) / $6,000 (2+).
First 4 years of college; up to $2,500 per student.
20% of up to $10,000. Mutually exclusive with AOTC.
Auto-calculated from earned income & dependents.

These results are for Tax Year 2026 (Calendar Year 2026). This return would be filed by April 15, 2027.
Estimated Federal Refund
$0
Detailed Tax Breakdown
Breakdown of federal, payroll, state and local taxes with marginal and effective rates.
Category Amount Marginal Rate
How Your Income Fills the 2026 Federal Brackets
Bracket RateIncome Taxed HereTax in Bracket
Where Your Gross Income Goes

Estimated Annual Take-Home Pay
$0
Monthly
$0
Bi-Weekly
$0
Step-by-Step Solution
Compare Scenarios

Introduction

This free 2026 tax calculator estimates your federal income tax, payroll tax, state tax, and local tax for the 2026 tax year. It updates your results live as you type, so you can see your estimated tax refund or balance due right away. The calculator uses the latest 2026 tax brackets, the updated standard deduction, the $40,400 SALT cap, and current tax credit amounts like the $2,200 Child Tax Credit.

Enter your filing status, income, deductions, and credits below. The tool will show you a full tax breakdown, a bracket-by-bracket chart, your effective tax rate, and your estimated take-home pay. You can also compare scenarios — like standard vs. itemized deductions — to find ways to lower your tax bill. For a deeper look at how each bracket applies to your income, try our Tax Bracket Calculator.

This calculator is built for the federal return you will file by April 15, 2027. It covers W-2 wages, self-employment income, Social Security benefits, and more. All math is shown step by step so you can check every number yourself.

How to Use Our 2026 Tax Calculator

Enter your income, deductions, and credits below. The calculator will show your estimated federal tax, refund or balance due, effective tax rate, and a full breakdown of how your taxes are computed for the 2026 tax year.

Taxpayer Profile

Filing Status — Pick the status that matches your situation on December 31, 2026. Choose Single, Married Filing Jointly, Married Filing Separately, Head of Household, or Qualifying Surviving Spouse.

Your Age — Enter your age as of December 31, 2026. If you are 65 or older, you get a larger standard deduction.

Spouse's Age — This field appears if you file jointly or separately. Enter your spouse's age for the extra senior deduction.

Can Someone Claim You as a Dependent? — Select Yes if another person (like a parent) claims you on their tax return. This limits your standard deduction.

Primary Residence — State — Choose the state where you live. This is used to estimate your state income tax. For a more detailed state-level breakdown, see our State Tax Calculator.

City / Locality — If your city charges a local income tax, select it here. Otherwise, choose None.

Income

W-2 Available? — If you have your W-2, select Yes and type your exact wages. If not, select No and enter your gross pay per paycheck along with how often you are paid. You can use our Salary to Hourly Calculator or Hourly to Salary Calculator to convert between pay formats.

Wages, Salaries & Tips — Enter the total amount from Box 1 of your W-2. This is your main job income before deductions.

Gross Pay Per Period & Pay Frequency — If you do not have your W-2, enter what you earn each paycheck before taxes. Then pick how often you get paid (weekly, bi-weekly, semi-monthly, or monthly). Our Biweekly Paycheck Calculator can help you estimate your net pay per period.

Self-Employment / 1099 Net Income — Enter your net profit from freelance or contract work after business expenses. Our dedicated Self Employment Tax Calculator can show you the full SE tax breakdown.

Interest & Dividend Income — Enter the total interest and dividends you earned from bank accounts, investments, or stocks. If you want to estimate future dividend income, try our Dividend Calculator.

Social Security Benefits Received — Enter the full amount of Social Security you received. The calculator figures out how much of it is taxable. For help estimating your future benefits, use our Social Security Calculator.

Other Taxable Income — Enter any other income such as rental income, alimony received, or gambling winnings.

401(k)/403(b)/457 Contributions — Enter how much you put into your workplace retirement plan. This lowers your taxable income. Use our 401k Calculator to see how contributions grow over time.

Traditional IRA Contributions — Enter how much you contributed to a traditional IRA. This may also lower your taxable income. Compare this with a Roth strategy using our Roth IRA Calculator or IRA Calculator.

Other Pre-Tax (HSA, Section 125) — Enter any other pre-tax deductions like Health Savings Account or cafeteria plan contributions. Our HSA Calculator can help you plan those contributions.

Deductions

Deduction Method — Choose Standard Deduction or Itemized Deductions. The calculator shows which one saves you more money.

Mortgage Interest Paid — If you itemize, enter the mortgage interest you paid during the year. Our Mortgage Interest Calculator can help you estimate how much interest you paid.

State & Local Taxes (SALT) — Enter the state and local taxes you paid. The 2026 cap is $40,400. You can estimate your property tax portion with our Property Tax Calculator.

Charitable — Cash — Enter cash donations you made to qualified charities.

Charitable — Non-Cash — Enter the fair market value of items like clothing or furniture you donated.

Medical & Dental Expenses — Enter your total medical and dental costs. Only the amount above 7.5% of your AGI counts.

Other Schedule A Deductions — Enter any other itemized deductions not listed above.

Educator Expenses — If you are a teacher, enter classroom supplies you paid for out of pocket, up to $300.

Student Loan Interest Paid — Enter interest you paid on student loans, up to $2,500. This applies whether you itemize or not. Our Student Loan Calculator can help you plan your repayment and see how much interest you'll pay over time.

Alimony Paid — Enter alimony payments and check the box only if your divorce agreement was finalized before 2019.

Credits & Withholding

Federal Income Tax Withheld — Enter the total federal tax already taken from your paychecks. This is Box 2 on your W-2. If you need to adjust your withholding, try our Tax Withholding Calculator or IRS Withholding Calculator.

Estimated Tax Payments Made — Enter any quarterly tax payments you sent to the IRS during 2026.

Qualifying Children Under 17 — Enter the number of your children under age 17. Each child is worth a $2,200 Child Tax Credit.

Other Dependents (17+) — Enter the number of dependents age 17 or older. Each one is worth a $500 credit.

Child/Dependent Care Expenses — Enter what you paid for daycare or dependent care so you could work.

Qualifying Care Individuals — Enter how many children or dependents received the care. The expense cap is $3,000 for one or $6,000 for two or more.

American Opportunity Credit (AOTC) — Check this box if you or a dependent is in the first four years of college. Then enter qualified tuition and expenses.

Lifetime Learning Credit (LLC) — Check this box for other higher education costs. You cannot claim both AOTC and LLC at the same time.

Other Federal Credits — Enter any other credits such as the Saver's Credit or residential energy credits.

Once all fields are filled in, click Calculate to see your full results. The live estimate panel at the top updates automatically as you type. Click Reset to clear all fields and start over.

2026 Federal Income Tax Calculator

This free 2026 tax calculator estimates how much federal income tax you will owe or get back as a refund for the 2026 tax year. It uses the latest IRS tax brackets, standard deduction amounts, and credit rules that apply to returns filed in 2027. Just enter your income, filing status, deductions, and credits, and the tool does the math for you in real time.

How Federal Income Tax Works in 2026

The United States uses a progressive tax system. This means you pay a lower rate on the first dollars you earn and a higher rate as your income goes up. In 2026, there are seven federal tax brackets: 10%, 12%, 22%, 24%, 32%, 35%, and 37%. Your filing status — such as Single, Married Filing Jointly, or Head of Household — determines the income ranges for each bracket. For a quick look at exactly which bracket you fall into, use our Tax Bracket Calculator.

You do not pay tax on every dollar you make. First, you subtract your deductions from your adjusted gross income (AGI). Most people take the standard deduction, which is $16,100 for Single filers and $32,200 for Married Filing Jointly in 2026. If your mortgage interest, state taxes, and charitable gifts add up to more than the standard deduction, you may save money by itemizing instead. The amount left after your deduction is your taxable income, and that is what gets taxed. Our Taxable Income Calculator and AGI Calculator can help you work through those numbers step by step.

Tax Credits vs. Tax Deductions

A deduction lowers the income that gets taxed. A tax credit cuts your tax bill dollar for dollar, so credits are usually worth more. Key 2026 credits include the Child Tax Credit ($2,200 per child under 17), the Earned Income Tax Credit (EITC) for lower-income workers, and education credits like the American Opportunity Credit. Some credits are refundable, which means they can give you money back even if you owe no tax. To see how credits and withholding affect your refund, check out our Tax Refund Calculator.

Other Taxes This Calculator Covers

Beyond federal income tax, most workers also pay FICA payroll taxes — 6.2% for Social Security (up to $184,500 in wages) and 1.45% for Medicare. If you are self-employed, you pay both the employee and employer share, known as self-employment tax. Our Payroll Tax Calculator and Social Security Tax Calculator break these down in detail. This calculator also estimates your state income tax and any local or city tax so you can see your full tax picture in one place.

Want to see how much of your paycheck you actually keep? Our Take Home Pay Calculator and Paycheck Calculator show your net pay after all taxes. If you receive a year-end bonus, our Bonus Tax Calculator can estimate the taxes on that amount. And if you have capital gains from selling investments, our Capital Gains Tax Calculator covers that as well.

Key 2026 Tax Numbers to Know

  • Standard Deduction: $16,100 (Single), $32,200 (Married Filing Jointly), $24,150 (Head of Household)
  • Child Tax Credit: $2,200 per qualifying child, up to $1,700 refundable
  • SALT Cap: $40,400 for state and local tax deductions
  • 401(k) Contribution Limit: $24,500 ($32,500 if age 50 or older)
  • Social Security Wage Base: $184,500

This calculator gives you an estimate. Your actual tax may differ based on your full return. For a broader look at your overall financial health, our Net Worth Calculator and Budget Calculator can help you plan beyond tax season. If you are also planning for retirement, explore our Retirement Calculator or FIRE Calculator. For official tax advice, talk to a qualified tax professional or visit IRS.gov.


Formulas used

Adjusted Gross Income (AGI)
\text{AGI} = \bigl(W + SE + I + O + SS_{\text{taxable}}\bigr) - \bigl(401k + IRA + HSA + \min(Edu,300) + \min(SL,2500) + \tfrac{1}{2}T_{SE} + Alimony\bigr)
Taxable Income
\text{Taxable Income} = \max\!\bigl(0,\; \text{AGI} - \text{Deduction} - \text{Senior Bonus}\bigr)
Federal Income Tax (progressive brackets)
T_{\text{fed}} = \sum_{i=1}^{n} r_i \times \max\!\bigl(0,\; \min(\text{Taxable},\, C_i) - C_{i-1}\bigr)
Self-Employment Tax
T_{SE} = \min(SE_{\text{net}},\; SS_{\text{room}}) \times 0.124 \;+\; SE_{\text{net}} \times 0.029, \quad SE_{\text{net}} = \text{SE Income} \times 0.9235
FICA (Employee Payroll Tax)
\text{FICA} = \min(W,\,184{,}500) \times 0.062 \;+\; W \times 0.0145 \;+\; 0.009 \times \max\!\bigl(0,\; W + SE_{\text{net}} - T_{\text{threshold}}\bigr)
Federal Refund or Balance Due
\text{Net} = \bigl(\text{Withholding} + \text{Est. Payments} + \text{Refundable Credits}\bigr) - \bigl(T_{\text{fed after credits}} + T_{SE}\bigr)
Effective Tax Rate
\text{Effective Rate} = \frac{T_{\text{fed}} + T_{SE} + \text{FICA} + T_{\text{state}} + T_{\text{local}}}{\text{Gross Income}}

Frequently asked questions

When do I file my 2026 tax return?

Your 2026 federal tax return is due by April 15, 2027. You can file an extension to push the deadline to October 15, 2027, but any tax you owe is still due by April 15.

What are the 2026 federal tax brackets?

There are seven brackets: 10%, 12%, 22%, 24%, 32%, 35%, and 37%. The income ranges depend on your filing status. For example, a Single filer pays 10% on the first $12,400, then 12% up to $50,400, and so on. The calculator applies each bracket automatically.

What is the standard deduction for 2026?

The 2026 standard deduction is $16,100 for Single filers, $32,200 for Married Filing Jointly, $16,100 for Married Filing Separately, $24,150 for Head of Household, and $32,200 for Qualifying Surviving Spouse. If you are 65 or older, you get an extra amount on top.

How do I know if I should itemize or take the standard deduction?

Add up your mortgage interest, state and local taxes (up to $40,400), charitable gifts, and medical costs above 7.5% of your AGI. If that total is more than your standard deduction, itemizing saves you money. This calculator shows both totals side by side and tells you which one is better.

What is the difference between a tax refund and a balance due?

A refund means you paid more in withholding and estimated payments than you owe, so the IRS sends money back to you. A balance due means you still owe money and need to pay the difference when you file.

What is the difference between marginal tax rate and effective tax rate?

Your marginal rate is the tax rate on the last dollar you earned. Your effective rate is the average rate across all your income — total tax divided by total income. The effective rate is always lower than the marginal rate because of the progressive bracket system. You can toggle between both views in the results table.

Does this calculator include Social Security and Medicare taxes?

Yes. The calculator adds 6.2% Social Security tax on wages up to $184,500 and 1.45% Medicare tax on all wages. If you earn over $200,000 (Single) or $250,000 (Married Filing Jointly), it also adds the 0.9% Additional Medicare Tax.

How does self-employment tax work in the calculator?

If you enter self-employment income, the calculator multiplies your net profit by 92.35%, then applies 12.4% for Social Security and 2.9% for Medicare. It also gives you the above-the-line deduction for half of the self-employment tax, which lowers your AGI.

How is Social Security income taxed?

The calculator uses your provisional income (other income plus half your Social Security) to figure out how much is taxable. Depending on your income level, 0%, 50%, or up to 85% of your Social Security benefits may be taxed. The tool does this math for you and shows the taxable amount.

What is the SALT cap for 2026?

The state and local tax (SALT) deduction is capped at $40,400 for 2026. This includes state income taxes, property taxes, and local taxes combined. If your total SALT exceeds this cap, only $40,400 counts toward your itemized deductions.

How much is the Child Tax Credit for 2026?

Each qualifying child under 17 is worth a $2,200 Child Tax Credit. Up to $1,700 of that is refundable as the Additional Child Tax Credit. The credit begins to phase out at $200,000 of AGI for Single filers and $400,000 for Married Filing Jointly.

What is the Earned Income Tax Credit and do I qualify?

The EITC is a refundable credit for workers with low to moderate earned income. The amount depends on your income, filing status, and number of children. Investment income must be under $12,200. This calculator estimates your EITC automatically based on the data you enter.

Can I claim both the American Opportunity Credit and the Lifetime Learning Credit?

No. You can only claim one education credit per student. The AOTC is worth up to $2,500 and is partly refundable. The LLC is worth up to $2,000 and is not refundable. The calculator enforces this rule — checking one box unchecks the other.

What happens if I am claimed as a dependent on someone else's return?

Your standard deduction is limited. Instead of the full amount, it is capped at the greater of $1,350 or your earned income plus $450, but not more than the normal standard deduction. Select Yes under the dependent question and the calculator adjusts automatically.

How does the calculator handle state income tax?

It uses your taxable income and filing status to estimate state tax. States with no income tax (like Texas, Florida, and Alaska) show $0. States with a flat rate use that single rate. States like California, New York, and New Jersey use progressive brackets. This is an estimate — your actual state return may differ.

What is the senior bonus deduction shown in the results?

For 2026, taxpayers age 65 or older can get an extra $6,000 deduction per qualifying senior. This phases out for higher incomes — it drops by $0.06 for each dollar of AGI above $75,000 (Single) or $150,000 (Married Filing Jointly). The calculator applies this automatically.

How accurate is this 2026 tax calculator?

This tool uses the latest projected 2026 tax brackets, deductions, and credit amounts. It gives a close estimate for most situations. However, it does not cover every tax scenario, such as the Alternative Minimum Tax (AMT), passive activity rules, or foreign tax credits. For an exact number, consult a tax professional or use official IRS forms.

What does the scenario comparison feature do?

It lets you compare two tax situations side by side. You can compare standard vs. itemized deductions, with vs. without retirement contributions, or Single vs. Married Filing Jointly. The table shows the difference in taxable income, federal tax, total tax, refund, and take-home pay.

Why is my take-home pay different from my wages minus federal tax?

Take-home pay subtracts all taxes — federal income tax, FICA, self-employment tax, state tax, and local tax — plus your retirement contributions like 401(k) and IRA. That is why it is lower than just wages minus federal tax.

What if I do not have my W-2 yet?

Select No under the W-2 question. Then enter your gross pay per paycheck and how often you get paid. The calculator multiplies these to estimate your annual wages. You can update the numbers later when you get your W-2.

How much can I contribute to a 401(k) in 2026?

The 2026 employee contribution limit is $24,500. If you are age 50 or older, you can add a $8,000 catch-up contribution, for a total of $32,500. These contributions reduce your AGI and lower your federal tax.

Does this calculator work on my phone?

Yes. The calculator is fully responsive and works on phones, tablets, and desktop computers. The live estimate panel and all input fields adjust to fit your screen size.

Is my data saved or shared?

No. All calculations happen in your browser. Nothing you enter is sent to a server or saved anywhere. When you close the page, your data is gone.