Taxable Income Calculator
Work out your 2026 federal taxable income from wages and other income, pre-tax deductions and adjustments, the standard or itemized deduction and the senior deduction, then see the tax in each bracket and your effective and marginal rates.
Taxable income calculator (2026)
How taxable income is calculated
- Gross income: wages, interest, business and other income.
- Adjusted gross income (AGI) = gross income − pre-tax payroll deductions (traditional 401(k), HSA, health premiums) − adjustments (deductible IRA, student loan interest, half of self-employment tax).
- Taxable income = AGI − the larger of the standard deduction or itemized deductions − the new senior deduction if you qualify.
Example: single, $85,000 salary, $6,000 to a 401(k): AGI $79,000, minus the $16,100 standard deduction = taxable income $62,900. Tax: 10% of $12,400 + 12% of $38,000 + 22% of $12,500 = $1,240 + $4,560 + $2,750 = $8,550, an effective rate of 10.8% of AGI in the 22% bracket.
2026 tax brackets (federal income tax)
| Rate | Single | Married filing jointly | Head of household |
|---|---|---|---|
| 10% | $0 – $12,400 | $0 – $24,800 | $0 – $17,700 |
| 12% | $12,400 – $50,400 | $24,800 – $100,800 | $17,700 – $67,450 |
| 22% | $50,400 – $105,700 | $100,800 – $211,400 | $67,450 – $105,700 |
| 24% | $105,700 – $201,775 | $211,400 – $403,550 | $105,700 – $201,750 |
| 32% | $201,775 – $256,225 | $403,550 – $512,450 | $201,750 – $256,200 |
| 35% | $256,225 – $640,600 | $512,450 – $768,700 | $256,200 – $640,600 |
| 37% | $640,600+ | $768,700+ | $640,600+ |
2026 tax brackets married filing jointly
Joint brackets are exactly double the single brackets up to the 32% rate (10% to $24,800, 12% to $100,800, 22% to $211,400, 24% to $403,550, 32% to $512,450); the 35% bracket ends at $768,700 and 37% applies above that. The joint standard deduction is $32,200.
2026 standard deduction and the senior deduction
- Standard deduction: $16,100 single, $32,200 married filing jointly, $24,150 head of household.
- Extra for age 65+ or blind: $2,050 each (single or head of household), $1,650 per box (married).
- Senior deduction (2025–2028): $6,000 per person 65 or older, reduced by 6% of modified AGI over $75,000 ($150,000 joint). You can take it whether or not you itemize; married filing separately can't.
Tax percentage calculator: marginal vs effective rate
Your marginal rate is the bracket your last dollar falls in; your effective rate is total tax ÷ income. Moving into a higher bracket only taxes the dollars above the threshold at the higher rate, so a raise never lowers your take-home pay because of brackets.
Calculating federal income tax: federal taxable income calculator and fed tax calculator
Calculating federal income tax takes two steps: find federal taxable income (the federal taxable income calculator above), then apply the brackets. As a fed tax calculator or tax amount calculator it shows the tax in each bracket; salary tax brackets are the same brackets, since wages are taxed as ordinary income.
Common questions
How do I calculate my taxable income?
Start with gross income, subtract pre-tax deductions and adjustments to get AGI, then subtract the standard or itemized deduction.
What is the 2026 standard deduction?
$16,100 single, $32,200 married filing jointly and $24,150 head of household, plus $2,050 or $1,650 extra per person 65+ or blind.
What are the 2026 tax brackets for married filing jointly?
10% to $24,800, 12% to $100,800, 22% to $211,400, 24% to $403,550, 32% to $512,450, 35% to $768,700, 37% above.
What is the tax on $62,900 of taxable income?
$8,550 for a single filer in 2026.
Is the senior deduction in addition to the standard deduction?
Yes: $6,000 per person 65+, phased out above $75,000 ($150,000 joint) of MAGI.
Sources
- IRS: 2026 inflation adjustments (Rev. Proc. 2025-32), via Journal of Accountancy
- Social Security Administration: 2026 contribution and benefit base
- ustax.tools: Standard deduction for 2026 (incl. senior deduction)
- IRS: One, Big, Beautiful Bill provisions
Related
General information, not financial, tax or legal advice. Check important numbers with the official source before acting on them.