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Income Tax Calculator
Calculate federal and state income tax based on your income
Income & Filing Information
$
$
2024: $14,600 (single)
$
Child tax credit, etc.
Federal Tax
$9,441
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State Tax
$3,270
(Estimated 5%)
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FICA Tax
$6,120
Soc Sec + Medicare
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Total Tax
$18,831
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Tax Breakdown
Gross Income:$80,000
Federal Tax:$9,441
State Tax:$3,270
FICA Tax:$6,120
Take-Home Pay:$61,169
Income Distribution
Effective Tax Rate
23.54%
Total taxes ÷ Gross income
Marginal Tax Rate
22%
Tax rate on next dollar earned
Understanding Income Tax
Tax Components
- Federal Tax: Progressive brackets (10-37%)
- State Tax: Varies by state (0-13%)
- FICA: Social Security (6.2%) + Medicare (1.45%)
- Credits: Reduce tax dollar-for-dollar
2024 Tax Brackets (Single)
- 10%: $0 - $11,600
- 12%: $11,600 - $47,150
- 22%: $47,150 - $100,525
- 24%: $100,525 - $191,950
- 32%: $191,950 - $243,725
- 35%: $243,725 - $609,350
- 37%: $609,350+