Income Tax Calculator
Estimate your 2024 US federal and state income tax
Interesting Tax Facts
📜The US income tax started in 1913 with rates from 1% to 7%
💵The top marginal tax rate was 94% in 1944-1945 during WWII
🏠Mortgage interest deduction costs the US about $30 billion/year
📊The top 1% of earners pay about 40% of all federal income taxes
🌍The US is one of few countries that taxes citizens living abroad
💰Standard deduction increased from $6,350 in 2017 to $14,600 in 2024
🎯Tax loss harvesting can reduce your tax bill by offsetting gains
📈Long-term capital gains (held 1+ year) are taxed at lower rates