2024 Tax Calculator

Estimate your federal, state, and payroll taxes for 2024. This calculator uses current tax brackets but may not capture all tax situations.

Tax Information

Annual Gross Income

Filing Status

State of Residence

Use Standard Deduction

Total Deductions

2024 standard deduction: $14,600

Tax Calculation

Tax Planning Tips

Maximize Deductions

Consider itemizing deductions if they exceed the standard deduction. Include mortgage interest, charitable donations, and state taxes.

Retirement Contributions

Contribute to 401(k) or traditional IRA to reduce taxable income. 2024 limits: $23,000 for 401(k), $7,000 for IRA.

Tax-Advantaged Accounts

Use HSAs, FSAs, and dependent care accounts to reduce taxable income while saving for qualified expenses.

Disclaimer: This calculator provides estimates for planning purposes only. It doesn't account for all tax situations, credits, or deductions. Actual tax calculations may vary based on additional factors. Consult a tax professional for accurate tax planning.