2024 US Tax Brackets Calculator

Calculate your federal income tax and understand how tax brackets work. Get accurate estimates based on the latest IRS tax brackets for 2024.

7
Tax Brackets
10% - 37%
Tax Rate Range
$14,600
Standard Deduction

Tax Calculator

Calculate your federal income tax for 2024

Enter Your Information

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Tax Calculation Results

Gross Income:$75,000
Deductions:-$14,600
Taxable Income:$60,400
Federal Tax Owed:$8,341
Effective Tax Rate:11.12%
After-Tax Income:$66,659

2024 Federal Tax Brackets

Understanding how progressive taxation works

Single Filers

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 - and up

Married Filing Jointly

10%
$0 - $23,200
12%
$23,200 - $94,300
22%
$94,300 - $201,050
24%
$201,050 - $383,900
32%
$383,900 - $487,450
35%
$487,450 - $731,200
37%
$731,200 - and up

How Tax Brackets Work

The US uses a progressive tax system, meaning you pay different rates on different portions of your income. You don't pay the highest rate on your entire income - only on the amount that falls within each bracket.

Example: If you're single and earn $50,000, you pay 10% on the first $11,000, 12% on income from $11,001 to $44,725, and 22% on income from $44,726 to $50,000.

US Tax Policy Overview

Key information about federal income tax policies

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Progressive System

The US uses a progressive tax system where higher earners pay higher rates on portions of their income above certain thresholds.

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Standard Deduction

For 2024, the standard deduction is $14,600 for single filers and $29,200 for married couples filing jointly.

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Tax Year 2024

These brackets apply to income earned in 2024, with tax returns due by April 15, 2025.

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Itemized Deductions

You can choose to itemize deductions like mortgage interest, state taxes, and charitable contributions if they exceed the standard deduction.

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Filing Status

Your filing status (single, married, head of household) determines which tax brackets and standard deduction amounts apply to you.

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Annual Adjustments

Tax brackets are adjusted annually for inflation to prevent "bracket creep" and maintain the real value of tax thresholds.

Frequently Asked Questions

Common questions about US tax brackets and calculations

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Disclaimer

This calculator provides estimates only. Consult a tax professional for personalized advice.

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