Tax Calculator 2024-2025
Calculate your federal and state income taxes, estimate refund or amount owed.
This calculator uses simplified U.S. federal (and state, if selected) tax rules. It does not account for every credit, deduction, or special provision. Always consult a qualified tax professional before making tax-planning decisions.
📊 Tax Planning Essentials
⚠️ 2024 Tax Calculator - Important Notes
• Federal-tax focus: The headline number is still your federal income tax.
• W-2 vs 1099: W-2 FICA is already withheld, but 1099/self-employed users pay the full 15.3% self-employment tax on top (calculated here).
• Complete calculations: Capital gains (0%/15%/20%), EITC, Child & Dependent credits, and other major credits are included.
• State limitations: Uses flat statewide averages—actual state returns can be tiered or offer extra credits.
• Planning tool only: For filing, use certified software or a tax pro; double-check quarterly estimates if you're 1099.
• 2024 tax year: Brackets, deductions, and limits are final 2024 numbers for returns due April 2025.