Free · No signup

Tax Estimator

Estimate your federal, state, and self-employment taxes across all income types — with bracket breakdowns, deductions, and common credits.

🧾
👤
Filing Information

💵
Primary Income
$

Total gross wages from all W-2 employers

$

Net profit after business expenses — SE tax calculated automatically

📈
Other Income Sources dividends, capital gains, rental, retirement… ▼
📉
Above-the-Line Adjustments IRA, 401k, HSA, student loan… ▼
🗂️
Deductions
✂️
Tax Credits child, education, energy… ▼
📊
Tax Estimate Results
🧾

Fill in your income and details,
then press Calculate My Taxes

Frequently Asked Questions

Common questions about this calculator and how to use it effectively.

Your marginal rate is the tax rate on your highest dollar of income — your top bracket. Your effective rate is total tax divided by total income — always lower because each bracket only applies to income within that range. Example: $80,000 income puts you in the 22% bracket, but your effective rate is typically around 13–15%.

Self-employment tax is 15.3% on 92.35% of net self-employment profit — covering both the employer and employee halves of Social Security (12.4%) and Medicare (2.9%). You can deduct half of SE tax from your AGI. On $60,000 net profit: $60,000 × 0.9235 = $55,410 × 15.3% = $8,478 SE tax. If you are paid hourly or want to convert your income to an effective hourly rate, try our Salary to Hourly Calculator.

AGI is total income minus above-the-line deductions: IRA contributions, 401k contributions, HSA contributions, student loan interest, SE health insurance, and the deductible half of SE tax. AGI is critical — it determines eligibility for many deductions, credits, and phase-outs. Lower AGI = lower tax bill.

Take whichever is larger. 2025 standard deduction: $14,600 (single), $29,200 (married filing jointly), $21,900 (head of household). Itemize only if mortgage interest + property taxes + state income tax (SALT capped at $10k) + charitable contributions + medical expenses (above 7.5% AGI) exceeds your standard deduction. Model Roth vs Traditional tax treatment over your full career with our Retirement Calculator.

Long-term gains (assets held 12+ months) are taxed at 0%, 15%, or 20% based on total taxable income. For single filers in 2025: 0% up to $48,350; 15% up to $533,400; 20% above $533,400. Qualified dividends use the same rates. This is significantly lower than ordinary income rates for most investors. See how dividend reinvestment compounds long-term gains with our DRIP Calculator.

A 3.8% surtax on net investment income (dividends, capital gains, rental income) when your MAGI exceeds $200,000 (single) or $250,000 (married filing jointly). This calculator automatically applies NIIT when applicable — it's an often-overlooked tax for higher-income investors.

Up to 85% of Social Security benefits can be taxable depending on your combined income (AGI + non-taxable interest + half of SS benefits). Below $25,000 combined: 0% taxable. $25,000–$34,000: up to 50% taxable. Above $34,000: up to 85% taxable. This calculator applies the correct taxable portion automatically.

The most impactful credits: Child Tax Credit ($2,000/child under 17), Child and Dependent Care Credit (up to $3,000 for 1 child, $6,000 for 2+), American Opportunity Credit ($2,500/year, first 4 years of college), and energy/EV credits (up to $7,500 for qualifying EVs). Credits reduce tax dollar-for-dollar — far more valuable than deductions.

⚠️

Disclaimer: This calculator provides tax estimates for informational purposes only and does not constitute tax, legal, or financial advice. Results are based on 2025 IRS federal tax brackets and standard deductions, and approximate state income tax rates. Actual tax liability may differ based on your specific filing circumstances, deductions, credits, AMT, phase-outs, and other factors not modeled here. Always consult a licensed tax professional or CPA before making tax decisions.