🧾 Tax

Tax Tracker

Estimate your federal income tax for the year. Enter income, deductions, and withholding to see if you'll owe or receive a refund.

Filing Status

Tax Year

Income

W-2 Wages

Spouse W-2 Wages

Self-Employment Income

Other Income (interest, dividends, etc.)

Above-the-Line Adjustments (reduce AGI)

401(k) / 403(b) contributions

IRA contributions (traditional)

HSA contributions

Student loan interest

Deductions

Deduction type

Number of dependents

Child tax credit eligible children (under 17)

Tax Already Paid

Federal tax withheld (W-2 box 2)

Estimated tax payments made

Gross Income

—

Adjusted Gross Income

—

Taxable Income

—

Effective Tax Rate

—

Federal Tax (before credits)

—

Child Tax Credit

—

Tax After Credits

—

Marginal Rate

—

Tax bracket breakdown

Rate	On income up to	Tax in bracket

How federal income tax is calculated

The U.S. uses a progressive bracket system: each bracket rate applies only to income within that range, not your full income. Start with gross income, subtract adjustments to get AGI, then subtract your standard or itemized deduction to get taxable income. Apply brackets, subtract credits — the result is your tax liability.

This tool estimates federal income tax only. It does not include FICA (Social Security/Medicare), state income tax, AMT, or NIIT. For self-employment income, consider our self-employment tax calculator.