US Federal Tax Calculator

Filing information

2025 & 2026 only. The One Big Beautiful Bill Act (OBBBA), signed July 4, 2025, permanently extended TCJA rates, raised the standard deduction, expanded SALT to $40,400, added a new $6,000 senior deduction, raised CTC to $2,200, and more. Select tax year 2026 for the latest IRS figures from Revenue Procedure 2025-32.

Tax year

Filing status

Your age (as of Dec 31) Age 65+: extra std deduction + senior deduction

Spouse age (MFJ/QSS only)

State of residence

Qualifying children (under 17) 2026: CTC $2,200/child (OBBBA)

Other dependents (age 17+ or non-child) $500 credit per dependent

Income

Ordinary income

W-2 wages / salary ($)

Spouse W-2 wages — MFJ ($)

Self-employment / 1099-NEC income ($)

Business income — Schedule C ($)

Rental income (net, Schedule E) ($)

IRA / pension / annuity distributions ($)

Ordinary dividends ($)

Taxable interest ($)

Alimony received (pre-2019 divorce) ($)

Unemployment compensation ($)

Other income (gambling, prizes, etc.) ($)

Foreign earned income (FEIE exclusion) ($) 2026 FEIE limit: $130,000

Capital gains & qualified dividends

Qualified dividends ($)0% / 15% / 20% preferential rates

Long-term capital gains — LTCG ($)Assets held > 12 months

Short-term capital gains — STCG ($)Taxed as ordinary income

Capital loss carryforward ($)Max $3,000/yr against ordinary income

Social Security & tax-exempt income

Social Security benefits — gross ($)0–85% may be taxable based on combined income

Tax-exempt interest — municipal bonds ($)Counted in MAGI / provisional income; not taxed

Above-the-line adjustments — Schedule 1

401(k) / 403(b) / 457 contributions ($) 2026 limit: $24,500 ($32,500 age 50+)

Deductible traditional IRA contributions ($) 2026 limit: $7,500 ($8,500 age 50+)

HSA contributions ($) 2026: $4,400 self-only / $8,750 family

Student loan interest paid ($) Max $2,500; phases out at higher MAGI

Self-employed health insurance ($)

SE retirement — SEP-IRA / SIMPLE ($) SEP-IRA: up to 25% of net SE income, max $70,000

Educator expenses ($) Max $300/educator ($600 MFJ both educators)

Alimony paid — pre-2019 divorce ($)

Moving expenses — active military only ($)

Roth IRA contributions (informational only) ($) Not deductible — record-keeping only

Deductions

Itemize deductions (Schedule A) — calculator uses whichever is larger

New 2026 — Non-itemizer charitable deduction (OBBBA)

Cash charitable gifts — non-itemizers ($) ✦ 2026: up to $1,000 single / $2,000 MFJ if taking standard deduction

Senior deduction age 65+ — OBBBA §139 ($) ✦ 2025/26: $6,000/person age 65+ ($12,000 MFJ both 65+). Leave blank to auto-calculate.

Qualified Business Income — §199A

QBI from pass-through / self-employment ($)Up to 20% deduction; income phase-outs apply

W-2 wages paid by your business ($)Used in W-2 wage limitation above income threshold

Tax credits

Child & dependent care expenses paid ($) Max qualifying: $3,000 (1 child) / $6,000 (2+). Credit = 20–35%

Education credits — AOTC / LLC ($) AOTC max $2,500 (40% refundable); LLC max $2,000

Foreign tax credit — Form 1116 ($)

Saver’s Credit ($) Max $2,000 single / $4,000 MFJ; income-limited

Residential clean energy — §25D ($) 30% of qualifying solar, wind, battery, geothermal

Electric vehicle credit — §30D ($) Up to $7,500 new / $4,000 used EV; income limits apply

Premium Tax Credit — ACA marketplace ($)

Other nonrefundable credits ($)

Payments already made

Federal tax withheld — W-2 box 2 ($)

Estimated tax payments — Form 1040-ES ($)

Sources: IRS Revenue Procedure 2025-32 (2026), Rev. Proc. 2024-40 (2025) · One Big Beautiful Bill Act (OBBBA), P.L. 119-21, signed July 4, 2025
IRC §§ 1, 55, 63, 199A, 21, 24, 32, 36B, 30D, 25D, 139 · SS wage base: SSA contribution and benefit base table
For planning purposes only — not tax advice. Consult a licensed CPA or enrolled agent for your actual return.

Share this:

Like this: