Topic 7 · Interactive tool

Tax Bracket Calculator

Your income is taxed in layers, each at its own rate. Slide your income, see the layers fill, then add a raise and see exactly how much of it you keep.

2024 US federal income tax brackets
tax = Σ (income in each bracket × its rate)

With taxable income of $60,000 (single filer), you pay $8,253 in federal income tax: an effective rate of 13.76%, even though your marginal rate is 22%.

Total federal tax

$8,253

on $60,000 taxable income

Marginal rate

22%

rate on your next $1

Effective rate

13.76%

average across all income

Take-home

$51,747

after federal tax (state & FICA not included)

Gross income $74,600

≤ deduction$600,000

Filing status

Standard deduction: $14,600 (single)

Show the working

Each layer of income pays only its own rate. Multiply each layer by its rate, then add.

What if you get a raise?

Bracket walk — bottom-up

Bracket Rate Income in bracket Tax owed in bracket
Total $8,253
Try a scenario