Income Tax Calculator

Federal income tax uses marginal brackets (10%-37%). Ordinary income (wages, interest, retirement) is taxed at regular rates. Long-term capital gains and qualified dividends receive preferential rates of 0%, 15%, or 20%.

Short-term gains (assets held <1 year) are taxed as ordinary income. Long-term gains (>=1 year) receive preferential rates of 0%, 15%, or 20% depending on your total taxable income.

SE tax is 15.3% on 92.35% of net SE income. Social Security portion (12.4%) is capped at $184,500. Medicare portion (2.9%) has no cap. You can deduct half of the Social Security and Medicare portions from gross income; the 0.9% Additional Medicare Tax is not deductible.

A 3.8% surtax on investment income for high earners. Applies when AGI exceeds $200k (single) or $250k (married). Covers interest, dividends, and capital gains.

Alaska, Florida, Nevada, New Hampshire, South Dakota, Tennessee, Texas, Washington, Wyoming.

This calculator uses 2026 federal rates with the standard deduction, and each state's own brackets, standard deduction and personal exemptions for your filing status. Actual liability may vary based on itemized deductions, dependents, tax credits, AMT, local taxes, and other factors. Consult a tax professional for personalized advice.