Finance calculators

US Tax Calculator

Updated Sep 7, 2026 By Jehan Wadia
Rate Formulas
Basic Info
Format MM/DD/YYYY.
Leave as-is if you are not married.
Filing Status Questions
Are you married?
Filing jointly with your spouse?
Head of Household?
Unmarried, paid over half the home cost, and a qualifying person lived with you over half the year.
Qualifying Surviving Spouse?
Spouse died in the prior 2 years and you support a dependent child.
Your filing status: Married Filing Jointly
Tax rates loaded for: Denver, CO (Denver County)
Dependents
Income
Your Income & Payments
Losses allowed — type a minus sign.
Investment Income (household totals — combined if filing jointly)
Your long-term gains bracket: 15%
Spouse's Income & Payments
Deductions
Deduction Method
Includes any age 65+ additional amount.
Itemized Deductions (always compared against the standard deduction)
Deductible portion: $0
Pre-Tax Adjustments to Income
Deductible amount: $0
Allowed amount: $0
Only allowed when business income is positive.
Covered by a retirement plan at work?
Credits
Computed credit: $0
Computed credit: $0
Computed credit: $0
Computed credit: $0
Auto-Calculated Credits
Child Tax Credit$0
Credit for Other Dependents$0
Additional Child Tax Credit (refundable)$0
Earned Income Credit (refundable)$0
Live Estimate
Estimated Refund
$0
Tax Year 2025
Filing Status
Total Income$0
Total Adjustments$0
Total Deductions$0
Taxable Income$0
Estimated Federal Tax$0
Net Investment Income Tax$0
Estimated Credits$0
Withholding & Payments$0

Results

Estimated Federal Refund
$0
Married Filing Jointly · Tax Year 2025
Annual Take-Home Pay
$0
After all taxes and retirement savings
Rate column shows:
Full Tax Computation Breakdown
Line by line federal tax computation from gross income to refund or balance due
Total Gross Income$0
− Adjustments to Income$0
= Adjusted Gross Income (AGI)$0
− Deduction (Standard)$0
− Senior Deduction (age 65+)$0
− QBI Deduction$0
= Taxable Income$0
Federal Income Tax (ordinary)$0
+ Tax on Qualified Dividends & Long-Term Gains$0
+ Alternative Minimum Tax (AMT)$0
+ Self-Employment Tax$0
+ Net Investment Income Tax (3.8%)$0
− Child Tax Credit & Other Dependents$0
− Other Nonrefundable Credits$0
= Total Tax Liability$0
− Federal Taxes Withheld$0
− Estimated Payments Made$0
− Refundable Credits (EIC, ACTC, AOC, PTC)$0
= Refund$0
= Balance Due$0
All Tax Types — Rate & Amount
Federal, FICA, state and local tax rates and amounts
TaxMarginal RateAmount
Federal Income Tax0.00%$0
FICA (Social Security + Medicare)0.00%$0
State Income Tax — Colorado0.00%$0
Local / City Tax — Denver0.00%$0
Total Tax0.00%$0
FICA Detail
Social Security, Medicare and additional Medicare tax detail
Social Security Tax (6.2% up to the wage base)$0
Medicare Tax (1.45%)$0
Additional Medicare Tax (0.9% above threshold)$0
Total FICA$0
Federal Bracket Waterfall — How Your Income Is Taxed
Amount of taxable income and tax in each federal bracket
BracketIncome RangeIncome Taxed HereTax
Take-Home Pay & Paycheck Breakdown
Take-home pay by pay frequency
Pay FrequencyGrossTake-Home
Step-by-Step Solution
Compare a Scenario
Use a negative amount to model a pay cut.
Side by side comparison of the current estimate and the adjusted scenario
LineCurrentScenarioDifference

Introduction

This free US tax calculator shows what you will owe the IRS, or get back, for tax year 2025 or 2026. Enter your income, deductions, and credits, and see your federal refund or balance due right away.

The calculator figures your adjusted gross income (AGI), picks the better of the standard or itemized deduction, runs your income through each tax bracket, and adds FICA, self-employment tax, state income tax, and any city tax for your location. It also checks credits like the Child Tax Credit, Earned Income Credit, education credits, and child care credit.

The results go past a single number. See your take-home pay by week, two weeks, month, or year. See how much tax comes from each bracket. Read a step-by-step solution that shows every line of the math. You can also test a "what if" scenario (a raise, a pay cut, a new filing status, or a different deduction method) and compare it side by side.

Use it to plan ahead, check your paycheck withholding, or avoid a surprise bill in April.

How to use our US Tax Calculator

Enter your filing details, income, deductions, and credits, and this federal income tax calculator shows your taxable income, total tax, refund or balance due, and your take-home pay.

Tax Year: Pick the year you are filing for. Brackets, limits, and the standard deduction change each year.

Your Date of Birth: Type your birth date. It sets your age for the 65+ extra deduction and catch-up limits.

Spouse Date of Birth: Add your spouse's birth date if you are married. Skip it if you are not.

Are you married?: Choose Yes or No for the last day of the tax year.

Filing jointly with your spouse?: Choose Yes for one joint return or No to file separately.

Head of Household?: Choose Yes if you are single, paid over half your home costs, and a qualifying person lived with you most of the year.

Qualifying Surviving Spouse?: Choose Yes if your spouse died in the last two years and you support a dependent child.

City & State: Type your city and pick it from the list. This loads your state and city income tax rates.

Can someone else claim you as a dependent?: Check the box if a parent or another person claims you.

Children age 16 or under: Enter how many qualifying kids you have. This drives the Child Tax Credit.

Dependents 17 to 23 in full-time school: Enter how many student dependents you support.

Other dependents: Enter other people you claim, like a parent or adult relative.

Taxable Wages / Salary: Enter your pay for the year. If you use W-2 Box 1, do not also enter your 401(k) below.

Net Business / Self-Employment Income: Enter your Schedule C profit. Use a minus sign for a loss.

Federal Income Tax Withheld: Enter the tax taken out of your pay, from W-2 Box 2 and any 1099s.

Federal Estimated Tax Payments: Enter the quarterly payments you already sent the IRS.

Taxable IRA / Pension Distributions: Enter the taxable amount from your Form 1099-R.

Social Security Benefits Received: Enter your total benefits. The tool works out how much is taxed.

Unemployment Compensation: Enter the amount from Form 1099-G, Box 1.

Other Taxable Income: Enter prizes, gambling wins, jury pay, or old alimony you received.

State Tax Refund (Prior Year): Enter last year's state refund only if you itemized last year.

Interest Income: Enter bank and bond interest from Form 1099-INT.

Total Dividend Income: Enter all dividends from Form 1099-DIV, Box 1a.

Qualified Dividends: Enter Box 1b. This part gets lower tax rates and cannot be more than your total dividends.

Short-Term Capital Gains / Losses: Enter gains on things you held one year or less. Losses can be negative.

Long-Term Capital Gains / Losses: Enter gains on things you held over one year. These get 0%, 15%, or 20% rates.

Tax-Exempt Interest: Enter muni bond interest. It is not taxed but can raise the taxable part of Social Security.

Spouse Income & Payments: If you file jointly, fill in your spouse's wages, self-employment income, withholding, estimated payments, pension, Social Security, unemployment, and other income.

Deduction Method: Pick Standard or Itemized. The tool tells you which one saves more.

Your Standard Deduction: This box fills in by itself based on your filing status and age.

State & Local Taxes Paid (SALT): Enter state income or sales tax plus property tax. A cap may apply.

Mortgage Interest Paid: Enter the amount from Form 1098, Box 1.

Charitable Contributions: Enter cash and goods you gave to charity.

Medical & Dental Expenses: Enter what you paid out of pocket. Only the part over 7.5% of your AGI counts.

Other Itemized Deductions: Enter disaster losses, gambling losses up to your winnings, and similar items.

Qualified Business Income (QBI) Deduction: Enter your 20% pass-through business deduction if you qualify.

401(k) / 403(b) Contributions: Enter your pre-tax retirement savings from your paycheck.

Traditional IRA Contributions: Enter what you put in. The tool shows how much is deductible.

Roth IRA Contributions: Enter your Roth savings. It is not deductible but shows in your take-home chart.

HSA Contributions: Enter money you put into a health savings account outside of payroll.

HSA Coverage Type: Pick No HSA, Self-only, or Family to set your limit.

FSA Contributions: Enter your health flexible spending account amount.

Student Loan Interest Paid: Enter the amount from Form 1098-E. The $2,500 cap is applied for you.

Self-Employed Health Insurance: Enter premiums you paid, up to your business profit.

Other Pre-Tax Deductions: Enter educator costs, SEP or SIMPLE plans, or old alimony you paid.

Covered by a retirement plan at work?: Choose Yes or No. This affects your IRA deduction.

Child or dependent care: Check the box, then enter what you paid for care and how many people it covered.

College (first 4 years): Check the box and enter school costs for the American Opportunity Credit.

Other higher-education expenses: Check the box and enter costs for the Lifetime Learning Credit.

Clean-energy home improvements: Check the box and enter what you spent on solar panels or a battery.

Energy-efficiency improvements: Check the box and enter costs for windows, insulation, or HVAC.

Marketplace health insurance: Check the box and enter your net Premium Tax Credit from Form 8962.

Other Tax Credits: Enter credits like the saver's credit, foreign tax credit, or EV credit.

Calculate and Reset: Click Calculate to see full results, or Reset to start over.

Rate column shows: Switch between Marginal Rate and Effective Rate in the tax results table.

Compare a Scenario: Change your wages, filing status, or deduction method to see how your tax and refund would change.

Understanding Your US Income Taxes

Income tax is the money you pay the government on what you earn. Most workers pay it all year through paycheck withholding. At tax time you add up your real income, subtract what you are allowed to subtract, and see if you paid too much or too little. If you paid too much, you get a refund. If you paid too little, you owe a balance due.

How Federal Income Tax Is Figured

The IRS uses a step-by-step order. Each step lowers the amount that gets taxed:

  1. Total income: wages, business profit, interest, dividends, capital gains, retirement money, and the taxable part of Social Security.
  2. Adjusted gross income (AGI): total income minus adjustments like IRA and HSA contributions, student loan interest, and half of self-employment tax.
  3. Taxable income: AGI minus the standard deduction or your itemized deductions, plus any QBI or senior deduction.
  4. Tax: taxable income run through the tax brackets.
  5. Credits and payments: subtract credits, withholding, and estimated payments to get your refund or balance due.

Tax Brackets Are Not All-or-Nothing

The US uses marginal tax brackets: 10%, 12%, 22%, 24%, 32%, 35%, and 37%. Only the income inside each bracket pays that bracket's rate. If you land in the 22% bracket, your first dollars are still taxed at 10% and 12%. Your effective rate (total tax divided by total income) is always lower than your top marginal rate.

Filing Status Matters

Your status sets your bracket sizes and your standard deduction. The five choices are Single, Married Filing Jointly, Married Filing Separately, Head of Household, and Qualifying Surviving Spouse. Head of Household is for unmarried people who pay more than half the cost of a home for a qualifying child or relative, and it gives a bigger deduction than Single.

Standard vs. Itemized Deductions

You take whichever is bigger. The standard deduction for 2025 is $15,750 for Single and $31,500 for Married Filing Jointly, with extra amounts if you are 65 or older. Itemized deductions add up state and local taxes (SALT, capped at $40,000 in 2025), mortgage interest, charity gifts, and medical costs above 7.5% of your AGI. Most people take the standard deduction.

Credits Beat Deductions

A deduction lowers the income that gets taxed. A credit cuts your tax bill dollar for dollar, so it is worth more. Common credits include the Child Tax Credit ($2,200 per child under 17), the $500 Credit for Other Dependents, the Earned Income Credit, the Child and Dependent Care Credit, and education credits like the American Opportunity Credit. Some credits are refundable, meaning they can pay you money even if your tax is already zero.

Taxes Beyond Income Tax

  • FICA: 6.2% Social Security on wages up to $176,100 (2025) plus 1.45% Medicare on all wages, with an extra 0.9% Medicare tax on high earners.
  • Self-employment tax: 15.3% if you work for yourself, since you pay both the worker and employer share. Half of it is deductible.
  • Capital gains: long-term gains and qualified dividends get lower rates of 0%, 15%, or 20%. Short-term gains are taxed like wages.
  • Net Investment Income Tax: an extra 3.8% on investment income once AGI passes $200,000 (Single) or $250,000 (Joint).
  • State and local tax: rates change by where you live. Nine states have no income tax, and some cities add their own.

Simple Ways to Lower Your Tax

Put money in a traditional 401(k), IRA, HSA, or FSA to cut your taxable income. Hold investments longer than a year for lower gain rates. Claim every dependent and credit you qualify for. And check your W-4 withholding during the year so you are not surprised by a large bill in April.


Formulas used

Adjusted Gross Income (AGI)
\text{AGI} = \text{Total Income} - \text{Adjustments},\quad \text{Adjustments} = \tfrac{1}{2}\,\text{SE tax} + \text{IRA} + \text{HSA} + \text{Student Loan} + \text{SE Health} + \text{Other}
Taxable Income
\text{Taxable Income} = \max\left(0,\; \text{AGI} - \max(\text{Standard},\text{Itemized}) - \text{Senior Ded} - \text{QBI Ded}\right)
Federal ordinary income tax (bracket-by-bracket)
T_{ord} = \sum_{i} r_i \cdot \max\left(0,\; \min(\text{OrdTaxable},\, c_i) - c_{i-1}\right)
Tax on qualified dividends and long-term capital gains
T_{LTCG} = 0 \cdot A_{0\%} + 0.15 \cdot A_{15\%} + 0.20 \cdot A_{20\%}
FICA and self-employment tax
\text{FICA} = 0.062\min(W, B) + 0.0145\,W + 0.009\max(0, W - M);\quad T_{SE} = 0.124\min(0.9235\,SE,\, B - W) + 0.029\cdot 0.9235\,SE
Net Investment Income Tax
\text{NIIT} = 0.038 \cdot \min\left(\text{NII},\; \max(0,\ \text{AGI} - \text{Threshold})\right)
Total tax and refund or balance due
\text{Total Tax} = \max\left(0, T_{ord}+T_{LTCG}+\text{AMT}-C_{nonref}\right) + T_{SE} + \text{NIIT};\quad \text{Net} = W_{held} + \text{Est} + C_{ref} - \text{Total Tax}
Taxable Social Security benefits
\text{Taxable SS} = \min\Big(0.85(P - b_2) + \min\big(0.5(b_2-b_1),\, 0.5\,SS\big),\; 0.85\,SS\Big),\quad P = \text{AGI}_{ex} + \text{Exempt Int} + 0.5\,SS

Frequently asked questions

How much money do you have to make to file a tax return?

For 2025, most people must file if their income is at least as much as their standard deduction:

  • Single under 65: $15,750
  • Married filing jointly, both under 65: $31,500
  • Head of household: $23,625

If you are 65 or older, the amount is higher. Self-employed people must file if net earnings are $400 or more, even if that is their only income. You should also file if tax was withheld from your pay, because that is how you get a refund.

Why do I owe taxes this year when I got a refund last year?

A balance due almost always means too little tax was taken out during the year. Common reasons:

  • You or your spouse started a second job, so each employer withheld as if it were your only pay.
  • You had side or freelance income with no withholding.
  • A child turned 17, so you lost the $2,200 Child Tax Credit and got $500 instead.
  • You got married, divorced, or changed filing status.
  • You had investment gains, a bonus, or an IRA withdrawal.

Fixing your W-4 at work is the quickest way to stop it from happening again.

When is the deadline to file 2025 taxes?

The 2025 federal return is due April 15, 2026. You can request an extension to October 15, 2026, but that only gives you more time to file, not to pay. Any tax you owe is still due April 15, or interest and penalties start adding up.

How long does it take to get a federal tax refund?

Most e-filed returns with direct deposit are refunded in about 21 days. Paper returns and paper checks can take six weeks or more. By law, refunds that include the Earned Income Credit or Additional Child Tax Credit cannot be sent before mid-February, so those often arrive in late February or early March.

How much of my Social Security is taxable?

It depends on your provisional income: your other income, plus tax-exempt interest, plus half of your benefits.

  • Single: under $25,000, none is taxed. From $25,000 to $34,000, up to 50% is taxed. Over $34,000, up to 85% is taxed.
  • Married filing jointly: under $32,000, none. From $32,000 to $44,000, up to 50%. Over $44,000, up to 85%.

Even at the top, 15% of your benefits is always tax-free. No one pays tax on 100% of Social Security.

Do I have to pay quarterly estimated taxes?

Yes, if you expect to owe $1,000 or more after withholding and credits. This usually hits freelancers, gig workers, landlords, and retirees. For the 2026 tax year, payments are due April 15, June 15, and September 15 of 2026, and January 15, 2027.

You avoid a penalty if you pay at least 90% of this year's tax or 100% of last year's tax (110% if your AGI was over $150,000).

Are bonuses taxed at a higher rate?

No. A bonus is taxed like regular income on your return. It just looks higher because employers usually withhold a flat 22% on supplemental pay (37% on any amount over $1 million). If your real bracket is 12%, you get the extra back as part of your refund. If your bracket is 32%, you may owe more.

How much can I earn and still pay 0% on long-term capital gains?

For 2025, the 0% long-term capital gains rate applies if your taxable income is up to:

  • $48,350 for Single or Married Filing Separately
  • $96,700 for Married Filing Jointly
  • $64,750 for Head of Household

Above that you pay 15%, and 20% once income passes about $533,400 single or $600,050 joint. Qualified dividends use the same rates.

Who counts as a dependent on my tax return?

There are two types. A qualifying child must be your child, stepchild, sibling, or their descendant, be under 19 (or under 24 if a full-time student, or any age if permanently disabled), live with you over half the year, and not pay over half their own support.

A qualifying relative can be a parent or other relative you support. For 2025 they must have gross income under $5,200 and you must pay over half their support. They earn a $500 credit, not the $2,200 Child Tax Credit.

What is the income limit for the Child Tax Credit?

The full $2,200 per child starts to shrink when modified AGI passes $200,000 (Single, Head of Household, Married Filing Separately) or $400,000 (Married Filing Jointly). The credit drops $50 for every $1,000 above the limit. The child must be under 17 at the end of the year and have a valid Social Security number.

Is it better to file jointly or separately when married?

Filing jointly is better for most couples. It gives the largest standard deduction and wider brackets, and it is required for credits like the Earned Income Credit, the child care credit, and education credits.

Filing separately can help in a few cases: one spouse has huge medical bills, you are on an income-driven student loan plan, or you do not want to be responsible for your spouse's tax. Run both ways before you decide.

What happens if I can't pay my tax bill?

File on time anyway. The failure-to-file penalty is 5% of the unpaid tax per month, ten times bigger than the 0.5% per month failure-to-pay penalty. Then set up an IRS payment plan online. Short-term plans give you up to 180 days; long-term plans spread it over months with a small fee. Interest keeps running until the balance is paid.

Is unemployment compensation taxable?

Yes. Unemployment benefits are fully taxable on your federal return and are reported on Form 1099-G. Tax is not taken out unless you ask for it, so many people owe in April. You can file Form W-4V to have 10% withheld. Some states do not tax unemployment benefits.

How much federal tax do I pay on a $100,000 salary?

For a single filer in 2025 taking the $15,750 standard deduction, taxable income is $84,250. The tax works out like this:

  • 10% on the first $11,925 = $1,192.50
  • 12% on the next $36,550 = $4,386.00
  • 22% on the last $35,775 = $7,870.50

Total federal income tax: about $13,449, an effective rate near 13.4% even though the top bracket is 22%. Add about $7,650 in FICA, plus any state and city tax.

What is the Alternative Minimum Tax and who has to pay it?

The AMT is a second way of figuring tax that removes some deductions and applies a 26% or 28% rate. You pay whichever is higher, the regular tax or the AMT. For 2025 the exemption is $88,100 for single filers and $137,000 for joint filers, so very few people are hit. It mostly affects people with very high income, large incentive stock option exercises, or big state tax deductions.

Does money I inherit count as taxable income?

No. Cash or property you inherit is not income on your federal return. But money the inheritance earns after you get it, like interest, dividends, or gains when you sell, is taxable. Inherited traditional IRAs and 401(k)s are also taxable when you withdraw from them. A few states charge a separate inheritance tax.