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Select the year and input the required parameters to calculate the tax rate and amount you need to return to your state’s government, obeying federal taxation law through this calculator.
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The Income Tax Calculator helps estimate federal tax refunds or amounts owed for U.S. residents. It uses the 2023–2024 IRS tax brackets for 1040-ES estimation, planning, and comparison.
The Internal Revenue Service (IRS) administers federal income tax, one of the largest revenue sources for the U.S. government. Every working American is legally required to file a federal income tax return annually. Many taxpayers also pay taxes throughout the year via payroll withholding.
Before paying taxes, calculate your taxable income using the following steps:
The U.S. federal income tax system has seven rates: 10%, 12%, 22%, 24%, 32%, 35%, and 37%. Tax brackets determine the rate applied to your taxable income. Federal income tax is calculated using the IRS 2023–2024 brackets.
| Tax Rate | Taxable Income Bracket | Tax Owed |
|---|---|---|
| 10% | $0 – $11,600 | 10% of taxable income |
| 12% | $11,601 – $47,150 | $1,160 + 12% of amount over $11,600 |
| 22% | $47,151 – $100,525 | $5,426 + 22% of amount over $47,150 |
| 24% | $100,526 – $191,950 | $17,168.50 + 24% of amount over $100,525 |
| 32% | $191,951 – $243,725 | $39,110.50 + 32% of amount over $191,950 |
| 35% | $243,726 – $609,350 | $55,678.50 + 35% of amount over $243,725 |
| 37% | $609,351 or more | $183,647.25 + 37% of amount over $609,350 |
| Tax Rate | Taxable Income Bracket | Tax Owed |
|---|---|---|
| 10% | $0 – $23,200 | 10% of taxable income |
| 12% | $23,201 – $94,300 | $2,320 + 12% of amount over $23,200 |
| 22% | $94,301 – $201,050 | $10,852 + 22% of amount over $94,300 |
| 24% | $201,051 – $383,900 | $34,337 + 24% of amount over $201,050 |
| 32% | $383,901 – $487,450 | $78,221 + 32% of amount over $383,900 |
| 35% | $487,451 – $731,200 | $111,357 + 35% of amount over $487,450 |
| 37% | $731,201 or more | $196,669.50 + 37% of amount over $731,200 |
Your filing status determines your tax bracket, standard deduction, and eligibility for credits and deductions.
File a joint return with your spouse. If your spouse died during the year, you may still file jointly.
Applicable if your spouse died and you have at least one dependent child.
For unmarried taxpayers who pay more than half the cost of maintaining a home. Married taxpayers may qualify if they live apart from their spouse for six months of the year.
Married individuals may choose to file separately.
Tax credits directly reduce your tax liability and can be non-refundable or refundable:
Refundable credit for low/moderate-income households (typically up to $50,000).
Up to $2,000 per child, with $1,400 potentially refundable.
Claimable for students aged 18+ not claimed as dependents. Maximum credit is $2,500 per student annually.
Available for properties powered by solar, wind, geothermal, or fuel-cell energy technologies.
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