Income Tax Calculator
Estimate your 2026 federal income tax refund or amount owed. Includes all filing statuses, standard & itemized deductions, credits, and FICA.
Estimated Amount Owed
โ$115
Federal Tax
$8,115
Effective Rate
10.82%
Marginal Rate
22%
Tax Breakdown
Gross Income: $75,000
Standard Deduction: โ$15,000
Taxable Income: $60,000
Income Tax: $8,115
Federal Tax: $8,115
FICA (Payroll Tax)
Social Security (6.2%): $4,650
Medicare (1.45%): $1,088
Total FICA: $5,738
Total Tax Burden: $13,853 (18.47% of income)
2025 Tax Bracket Breakdown โ Single
| Bracket | Rate | Taxable | Tax |
|---|---|---|---|
| $0 โ $11,925 | 10% | $11,925 | $1,193 |
| $11,925 โ $48,475 | 12% | $36,550 | $4,386 |
| $48,475 โ $103,350 | 22% | $11,525 | $2,536 |
Standard vs Itemized Deduction
| Deduction | Amount |
|---|---|
| Standard Deduction | $15,000 โ |
| Itemized Total | $0 |
๐ก Understanding U.S. Federal Income Tax
The U.S. uses a progressive federal income tax system with seven marginal tax brackets for 2025: 10%, 12%, 22%, 24%, 32%, 35%, and 37%. Your marginal rate applies only to income within each bracket โ not your entire income. For example, a single filer earning $75,000 pays 10% on the first $11,925, 12% on $11,925โ$48,475, and 22% on $48,475โ$60,000 (after the $15,000 standard deduction).
Most taxpayers choose the standard deduction โ $15,000 for single filers, $30,000 for married filing jointly in 2025. Itemizing makes sense when your mortgage interest, state & local taxes (SALT, capped at $40,000), charitable donations, and medical expenses (above 7.5% of AGI) exceed the standard deduction.
Beyond income tax, employees pay FICA payroll taxes: 6.2% Social Security (on wages up to $176,100) and 1.45% Medicare (plus 0.9% surtax on wages above $200,000 for single filers). The Child Tax Credit is $2,000 per qualifying child under 17.