Tax Calculator
Calculate your federal and state income taxes, FICA taxes, and take-home pay
Tax Information
Tax Results
Enter your income and tax information to calculate your taxes.
Tax Calculator Information
Tax Components:
- • Federal Income Tax: Progressive tax based on income brackets
- • Social Security: 6.2% on income up to $160,200 (2023)
- • Medicare: 1.45% on all income + 0.9% on income over $200,000
- • State Tax: Varies by state (0% to 13%+)
- • Deductions: Reduce taxable income
Tax Planning Tips:
- • Maximize retirement contributions (401k, IRA)
- • Consider itemizing if deductions exceed standard
- • Use tax-advantaged accounts (HSA, FSA)
- • Plan timing of income and deductions
- • Consult a tax professional for complex situations
Important Disclaimer:
This calculator provides estimates based on 2023 tax brackets and standard deductions. Actual taxes may vary based on additional factors like credits, alternative minimum tax, state-specific rules, and other deductions. This tool is for educational purposes only and should not replace professional tax advice.