Income Tax Calculator 2026
Comprehensive income tax calculator for federal and state taxes. Includes deductions, credits, and advanced tax planning features.
Income Tax Calculator
Standard deduction: $13,850
2026 Tax Information
Quick Examples
Common Deductions
2026 Federal Tax Brackets - Single
| Taxable Income | Tax Rate | Tax Amount |
|---|---|---|
| $0 - $11,600 | 10% | - |
| $11,600 - $47,150 | 12% | - |
| $47,150 - $100,525 | 22% | - |
| $100,525 - $191,950 | 24% | - |
| $191,950 - $243,725 | 32% | - |
| $243,725 - $609,350 | 35% | - |
| $609,350 - ∞ | 37% | - |
Income Tax Planning Tips
Tax Reduction Strategies
- • Maximize retirement contributions (401k, IRA)
- • Use health savings accounts (HSA)
- • Consider itemizing deductions
- • Plan charitable giving
- • Use tax-loss harvesting
Important Deadlines
- • April 15: Individual tax returns
- • October 15: Extended returns
- • Quarterly estimated payments
- • Required minimum distributions
- • Gift tax returns
Understanding Income Taxes
Federal Income Tax
Federal income tax is a progressive tax system with seven brackets ranging from 10% to 37%. Your income is taxed at different rates as it moves through the brackets.
The more you earn, the higher the tax rate on your additional income, but your effective tax rate will typically be lower than your marginal tax rate.
State Income Tax
State income tax systems vary widely. Some states have no income tax, while others use progressive systems similar to federal taxes, and some use flat rates.
Understanding your state's tax system is crucial for accurate financial planning and tax preparation.
Deductions & Credits
Tax deductions reduce your taxable income, while tax credits directly reduce your tax bill. Common deductions include standard deduction, mortgage interest, and charitable contributions.
Popular credits include the Child Tax Credit, Earned Income Tax Credit, and education credits.
Tax Planning Strategies
Maximize Deductions
- •Consider itemizing if your deductions exceed the standard deduction
- •Maximize retirement contributions (401k, IRA)
- •Track business expenses if self-employed
- •Consider health savings accounts (HSA)
Optimize Credits
- •Claim all eligible tax credits
- •Consider education-related credits
- •Explore energy efficiency credits
- •Check eligibility for earned income credit