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Income Tax Calculator 2025 & 2026

IRS-Verified Federal & State Tax Estimator with OBBBA-Adjusted Brackets

IRS Data Verified Bank-Grade Privacy No Data Stored
Last Updated: June 27, 2026

About the Income Tax Estimator

Our comprehensive free income tax estimator covers both tax year 2025 (the return filed in 2026, or by the October extension deadline) and tax year 2026 (the income you're earning now, due April 2027). This tool calculates your tax liability based on official IRS 2025 tax brackets and 2026 inflation-adjusted figures, standard deductions, FICA taxes, and the One Big Beautiful Bill Act (OBBBA) provisions. Compare standard vs. itemized deductions, model withholding, and see your effective vs. marginal tax rate instantly.

Key Features:

  • 2025 & 2026 Federal Tax Brackets & Standard Deductions (IRS Rev. Proc. 2024-40)
  • State Income Tax Calculations (including no-tax states)
  • FICA Taxes (Social Security & Medicare, including 0.9% Additional Medicare)
  • Itemized vs Standard Deduction Comparison (OBBBA $40K SALT cap)
  • Tax Credit & Retirement Contribution Modeling
  • Multi-Year Scenario Comparison

What You'll Learn:

  • Your estimated tax refund or amount owed
  • Effective and marginal tax rates
  • Breakdown of federal vs state vs FICA taxes
  • Impact of different filing statuses and tax years
  • How deductions and credits reduce your tax bill

Filing Information

Switch to see OBBBA-adjusted figures

Income Details

$
$

Interest, freelance, rental, etc.

$

Long-term gains taxed preferentially

Deductions & Credits

Standard Deduction $31,500

OBBBA-adjusted amount for selected year

$

Child, education, EV credits, etc.

$

401(k), Traditional IRA, etc.

Withholdings & Payments

$
$
$
Total Tax
$12,468
After-Tax Income
$62,532
Effective Tax Rate
16.62%
Tax Refund / Due
$0

Tax Allocation

Tax Details

Taxable Income $47,300
Federal Income Tax $5,266
State Income Tax $2,838
Social Security Tax $4,650
Medicare Tax $1,088
Add'l Medicare Tax (0.9%) $0
Marginal Tax Rate 22%

Deductions & Credits

Total Deductions $31,500
Tax Credits $0
Retirement Savings $0
Total Adjustments $31,500

Income Analysis

Gross Income $75,000
Monthly Take-Home $5,211
Biweekly Take-Home $2,405
Weekly Take-Home $1,203

Tax Planning Tips

Maximize Retirement

Contribute to tax-advantaged retirement accounts like 401(k)s and IRAs to reduce taxable income.

Itemize When Beneficial

Consider itemizing if deductions exceed your standard deduction, especially with mortgage interest.

Education Credits

Take advantage of education tax credits like the American Opportunity Credit and Lifetime Learning Credit.

Health Savings

Contribute to an HSA for triple tax advantages: tax-deductible, tax-free growth, and tax-free withdrawals.

Sourced From Official IRS Publications

No estimates, no extrapolation

Every figure in this calculator — brackets, deductions, thresholds — is pulled directly from the IRS Revenue Procedures and Treasury guidance listed below, not estimated. This is a self-help planning tool, not professional advice. For your specific situation, consult a licensed CPA or tax attorney.

IRS Publication 15 (Circular E)
Rev. Proc. 2024-40 (TY2025) & Rev. Proc. 2025-32 (TY2026)
One Big Beautiful Bill Act (OBBBA)

Calculation Methodology & Sources

All calculations use official Internal Revenue Service (IRS) figures published in Revenue Procedure 2024-40 (2025 tax year) and the 2026 inflation adjustments. The One Big Beautiful Bill Act (OBBBA) provisions are incorporated, including the increased standard deductions and the $40,000 SALT deduction cap for itemizers ($20,000 for married filing separately).

Federal Tax Calculation

Uses progressive tax brackets from IRS Rev. Proc. 2024-40. Taxable income is calculated after subtracting standard/itemized deductions and above-the-line adjustments. See IRS Topic 751.

FICA & Payroll Taxes

Social Security tax is 6.2% on wages up to the annual wage base ($176,100 for 2025; $184,500 for 2026). Medicare is 1.45% on all wages, plus 0.9% Additional Medicare Tax above thresholds. See IRS Pub 15.

State Tax Estimates

State tax rates are sourced from the Federation of Tax Administrators and individual state revenue departments. Nine states (AK, FL, NV, SD, TN, TX, WA, WY, NH) impose no state income tax.

Itemized Deductions

Medical expenses are deductible above 7.5% of AGI. The OBBBA SALT cap is $40,000 ($20,000 MFS). Mortgage interest and charitable contributions follow IRC Section 163(h) and 170.

Free Income Tax Estimator for 2025 & 2026 (USA)

Wondering how much you owe on the return you just filed — or how this year's paycheck will shake out come tax time? Our free income tax estimator covers both tax year 2025 (the return most people just filed, or still need to file by the October extension deadline) and tax year 2026 (the income you're earning now, due in April 2027). Whether you're searching for a simple tax estimator, a more detailed income tax estimator, or a tax planning calculator to test "what-if" scenarios for either year, this tool is built to answer the question every American taxpayer asks: how much of my paycheck actually belongs to me?

Unlike a generic free tax calculator that only spits out one number, this estimator walks through your filing status, income sources, deductions, and credits to show exactly where your money goes — federal tax, state tax, Social Security, and Medicare — all in one clear breakdown. Our data is sourced directly from the Internal Revenue Service (IRS) and updated to reflect the 2025 tax year adjustments and 2026 inflation-adjusted figures.

How This Tax Calculator Works

Pick the tax year you want — 2025 or 2026 — then enter a few details: filing status, gross income, capital gains, deductions, and any tax already withheld. The calculator instantly returns your:

  • Total tax liability for the year
  • Effective tax rate (the real percentage of income you pay) vs. your marginal tax rate (the rate on your last dollar earned)
  • Federal vs. state tax breakdown, including FICA (Social Security and Medicare)
  • Estimated tax refund or amount due
  • Take-home pay, shown monthly, biweekly, and weekly

Because it compares the standard deduction against itemizing automatically, you'll immediately see which option lowers your bill — without doing the math by hand. For detailed withholding guidance, see IRS Publication 15 (Circular E).

2025 and 2026 Tax Brackets and Standard Deduction, Explained

The IRS uses seven federal tax brackets — 10%, 12%, 22%, 24%, 32%, 35%, and 37% — and the One Big Beautiful Bill Act (OBBBA) made this bracket structure permanent. The rates are the same both years; what changes is the standard deduction and the income thresholds for each bracket. Source: IRS Topic 751.

Tax year 2025 (the return most filers just submitted, or have until October 15, 2026 to file with an extension): the standard deduction is $15,750 for single filers, $31,500 for married filing jointly, and $23,625 for head of household — each boosted above the original inflation-adjusted figures by the OBBBA. See IRS Rev. Proc. 2024-40.

Tax year 2026 (the income you're earning right now, due on the return you'll file in April 2027): the standard deduction rises to $16,100 for single filers, $32,200 for married filing jointly, and $24,150 for head of household, with bracket thresholds nudged upward for inflation. See IRS 2026 Adjustments.

Because the U.S. uses a progressive system in both years, only the income inside each bracket is taxed at that bracket's rate, which is why your effective rate is almost always lower than your top marginal rate. Running both years through this tax projection tool can help you time deductions, retirement contributions, or large purchases for whichever year benefits you most.

Why Run a Tax Projection Before You File

A tax estimator isn't just for filing season. Use the 2025 view to double-check a return you've already filed or to plan around the October extension deadline. Use the 2026 view as a year-round planning tool to:

  • Check whether your W-4 withholding still matches your actual liability for the year
  • Decide if you need to make estimated quarterly tax payments (especially if you have 1099, freelance, rental, or investment income)
  • Avoid an IRS underpayment penalty by confirming you've paid at least 90% of this year's tax or 100% of last year's
  • Model the tax impact of a raise, bonus, side hustle, or stock sale before it happens — not after

Boost Your Refund: Deductions, Credits, and Smart Moves

Small adjustments can meaningfully change your tax refund or balance due. Contributing to a 401(k), traditional IRA, or HSA lowers your taxable income today while building long-term savings. Families can factor in the Child Tax Credit, while homeowners and high state-tax filers can compare itemizing (mortgage interest, property tax, charitable giving) against the standard deduction to see which saves more. If you have capital gains from stocks, crypto, or other investments, entering them here shows how they layer on top of your ordinary income tax. For more details, see IRS Credits & Deductions.

Who This Estimator Is For

This tool works whether you're a W-2 employee checking your paycheck withholding, a freelancer or 1099 contractor estimating quarterly payments, a retiree weighing Social Security and retirement account withdrawals, or an investor trying to project capital gains tax before selling. If your finances changed this year — new job, marriage, a home purchase, a side business — re-running the numbers takes less than a minute.

Explore More Free Calculators

Taxes rarely exist in isolation — they connect to almost every other financial decision. Pair this estimator with a few of our other free tools:

Quick FAQ

Is this tax estimator free?

Yes — it's 100% free, with no signup required, and your data stays in your browser. We do not store or transmit any personal financial information.

Does it cover state income tax?

Yes, it includes state-specific calculations, including the nine states with no income tax. State rates are sourced from the Federation of Tax Administrators.

Does it support both 2025 and 2026?

Yes — switch between tax year 2025 (for your current or recently filed return) and tax year 2026 (for year-round planning) to see how the updated brackets and standard deduction affect your numbers.

Are the figures official IRS numbers?

This calculator uses official IRS tax brackets, standard deductions, and FICA wage bases as published in Revenue Procedure 2024-40 (2025) and the 2026 inflation adjustments, including OBBBA provisions. Always verify with a licensed tax professional for complex situations.

Does this calculator include the Additional Medicare Tax?

Yes. The calculator applies the 0.9% Additional Medicare Tax on wages above $200,000 (single/HOH), $250,000 (MFJ), or $125,000 (MFS) per IRS guidance.

Disclaimer: This calculator provides estimates for planning purposes only and is not a substitute for advice from a licensed tax professional or official IRS guidance. Tax laws change frequently; always consult IRS publications or a CPA for your specific situation.