US Tax Calculator 2024
Estimate your 2024 federal and state income tax, Social Security, Medicare, and take-home pay. Includes all 50 states and DC with breakdown by pay frequency.
Net Pay
$60,052
Federal Tax
$10,541
State Tax
$7,905
Effective Rate
29.4%
| Item | Yearly |
|---|---|
| Gross Pay | $85,000 |
| Federal Tax | $10,541 |
| State Tax (CA @ 9.3%) | $7,905 |
| Social Security | $5,270 |
| Medicare | $1,233 |
| Net Pay | $60,052 |
Frequently Asked Questions
How does the US federal income tax work?
The US uses a progressive bracket system for 2024: 10% ($0-$11,600), 12% ($11,601-$47,150), 22% ($47,151-$100,525), 24% ($100,526-$191,950), 32% ($191,951-$243,725), 35% ($243,726-$609,350), and 37% (above $609,350) for single filers. Only income within each bracket is taxed at that rate.
What is FICA and how much is it?
FICA includes Social Security (6.2% on first $168,600 of wages) and Medicare (1.45% on all wages, plus 0.9% additional Medicare tax on wages over $200,000). Your employer matches the base amounts. FICA is calculated on gross income before deductions.
Which states have no income tax?
Nine states have no state income tax: Alaska, Florida, Nevada, New Hampshire, South Dakota, Tennessee, Texas, Washington, and Wyoming. However, these states may have higher property taxes or sales taxes to compensate.
What is the standard deduction for 2024?
For tax year 2024: Single filers get $14,600, Married Filing Jointly gets $29,200, and Head of Household gets $21,900. You should itemize only if your deductions exceed these amounts.
Is this calculator accurate for tax filing?
This calculator estimates federal and state taxes using 2024 brackets and flat-rate state approximations. It does not account for credits (child tax, EITC), AMT, local taxes, or multi-state filing. Use for planning purposes and consult a CPA for actual filing.