Use this updated 2024 Tax Calculator to estimate your federal tax liability quickly and accurately.
The IRS adjusts tax calculations yearly to account for inflation, which affects your taxable income. Our calculator reflects the latest 2024 tax bracket updates to give you precise results.
Get a clear idea of your tax obligations with this easy-to-use tool. Note: This is for estimation purposes only.
In 2024, the IRS increased standard deduction amounts to account for inflation: $14,600 for single filers (up from $13,850 in 2023), $29,200 for married filing jointly (up from $27,700), and $21,900 for heads of households (up from $20,800). This change reduces taxable income, offering slightly more relief compared to 2023.
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