This calculator uses simplified 2024 federal tax brackets and standard deductions. It does not account for state/local taxes, tax credits, itemized deductions, self-employment tax, or other adjustments that may affect your actual tax liability.
This is not tax advice. Tax situations are complex and individual. Consult a qualified tax professional or CPA for personalized guidance. Use the IRS Tax Withholding Estimator at irs.gov for official calculations.
Social Security wage base: $168,600 (2024). Additional Medicare tax of 0.9% applies above $200,000 (single) or $250,000 (married filing jointly).