Income Tax Calculator
Calculate income tax based on current tax slabs and brackets. Estimate federal, state, and local taxes, deductions, exemptions, and net take-home income for 2025 tax year.
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Income Information
$
Your total annual gross income
$
Standard or itemized deductions
$
Total tax credits (child tax credit, etc.)
Your Tax Summary
Total Tax
$11,818.00
Taxable Income
$61,150.00
Federal Tax
$8,760.50
State Tax (Est.)
$3,057.50
Effective Rate
15.76%
Take-Home Pay
Annual Take-Home
$63,182.00
Monthly Take-Home
$5,265.17
How Income Tax is Calculated
The United States uses a progressive tax system with multiple tax brackets. Your income is taxed at different rates as it passes through each bracket.
Calculation Steps
- Start with gross income
- Subtract deductions to get taxable income
- Apply progressive tax rates
- Subtract tax credits
- Add state tax (if applicable)
Note: This calculator provides estimates for educational purposes. Consult a tax professional for accurate tax advice.
Frequently Asked Questions
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