Federal Income Tax Estimator
Estimate your 2024 federal tax liability and refund in seconds. See your bracket breakdown, effective vs. marginal rate, and whether your withholding is on track.
Estimated federal refund
+$979
Withheld $8,000 · Owe $7,021 · Refund $979
2024 tax year · Federal only · Estimate
Income & pre-tax reductions
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Deductions
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Income summary
| Rate | Bracket range | Income in bracket | Tax |
|---|---|---|---|
| 10% | $0 – $11,600 | $11,600 | $1,160 |
| 12% | $11,600 – $47,150 | $35,550 | $4,266 |
| 22%← marginal | $47,150 – $100,525 | $7,250 | $1,595 |
| 24% | $100,525 – $191,950 | — | — |
| 32% | $191,950 – $243,725 | — | — |
| 35% | $243,725 – $609,350 | — | — |
| 37% | $609,350 – No limit | — | — |
| Total federal tax | $54,400 | $7,021 | |
Common misconception: marginal vs. effective rate
Your marginal rate is 22%.
That does not mean you pay 22% on your entire income. The 22% rate only applies to the $7,250 that falls into that bracket.
Your effective rate is 10.2%.
This is the average rate across all your income — you owe $7,021 on AGI of $69,000. The tax system is progressive: lower income is taxed at lower rates first.
Withholding status
Withheld
$8,000
Owe
$7,021
Refund
+$979
You've over-withheld by $979. The IRS will send you a refund after you file.
Next Step
Numbers never leave your browser · 2024 tax year · Not tax advice
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