Income Tax Calculator 2024
Estimate your federal income tax, effective rate, and take-home pay using 2024 tax brackets.
Tax Information
$75,000
Standard deduction: $14,600 already included
5%
No state tax: set to 0% (e.g. FL, TX, WA, NV)
Tax Bracket Breakdown
10%
$1,160
12%
$4,266
22%
$2,915
Take-Home Pay
$57,172
$4,764/month
Taxable Income$60,400
Federal Income Tax$8,341
State Tax$3,750
FICA (SS + Medicare)$5,738
Total Tax$17,829
Effective Federal Rate11.1%
Marginal Rate22%
2024 Federal Tax Brackets
The US uses a progressive tax system — you only pay higher rates on income above each threshold, not on your entire income. Your effective rate is always lower than your marginal (bracket) rate.
The standard deduction for 2024 is $14,600 for single filers and $29,200 for married filing jointly. Most taxpayers take the standard deduction rather than itemizing.