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2024 Tax Year · US Federal

Salary & Tax Calculator

Estimate your US take-home pay after federal income tax, Social Security, Medicare, and state taxes — updated for 2024 tax brackets.

Income Details

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Take-Home Pay Estimate · 2024

Annual Take-Home Pay

$57,172

$4,764/month · $2,199/biweekly

Gross Salary$75,000
Standard Deduction−$14,600
Federal Income Tax−$8,341
Social Security (6.2%)−$4,650
Medicare (1.45%)−$1,088
State Tax (5%)−$3,750
Total Tax Burden−$17,829
Effective Tax Rate23.8%
Marginal Rate22.0%
● Take-home 76%● Taxes 24%

Based on 2024 US federal tax brackets and standard deduction. Does not account for pre-tax deductions (401k, HSA), tax credits, or itemized deductions. Consult a tax professional for personalized advice.

How US Income Tax Works in 2024

The United States uses a progressive tax system — meaning different portions of your income are taxed at different rates. Your standard deduction ($14,600 for Single) is subtracted from your gross income first. Only the remainder (taxable income) is subject to federal income tax.

Federal tax brackets for 2024 range from 10% to 37%. Being in the 32% bracket does not mean you pay 32% on all your income — only on the portion above the 32% threshold. Your effective rate is almost always significantly lower than your marginal rate.

FICA Taxes: Social Security & Medicare

In addition to federal income tax, employees pay FICA taxes directly from each paycheck. Social Security is taxed at 6.2% on wages up to $168,600 (2024 cap). Medicare is 1.45% on all wages, with an additional 0.9% surcharge on wages above $200,000 for single filers.

Your employer matches your Social Security and Medicare contributions — so the true FICA cost is 15.3% (employer + employee share). Self-employed individuals pay the full 15.3% themselves via self-employment tax.

Frequently Asked Questions

How is federal income tax calculated?
The US uses a progressive tax system with marginal rates. Only income within each bracket is taxed at that bracket's rate. For 2024, a single filer with $80,000 gross income pays 10% on the first $11,600, 12% on the next $35,550, and 22% on the remainder — not 22% on the full $80,000. This calculator applies all brackets accurately.
What is the difference between effective tax rate and marginal tax rate?
Your marginal tax rate is the rate applied to your last dollar of income (your highest bracket). Your effective tax rate is your total tax divided by your gross income — this is the actual average rate you pay. Most taxpayers have an effective rate well below their marginal rate.
What is FICA tax?
FICA stands for Federal Insurance Contributions Act. It includes Social Security tax (6.2% on wages up to $168,600 in 2024) and Medicare tax (1.45% on all wages, plus an additional 0.9% on wages over $200,000). Employers match these contributions.
What is the standard deduction for 2024?
For the 2024 tax year, the standard deduction is $14,600 for single filers, $29,200 for married filing jointly, and $21,900 for head of household. This amount is subtracted from your gross income before calculating your federal tax, reducing your taxable income.
Does this calculator include state taxes?
Yes — you can enter your state's flat tax rate in the State Tax Rate field. Nine US states have no income tax (Alaska, Florida, Nevada, New Hampshire, South Dakota, Tennessee, Texas, Washington, Wyoming). State rates for the others range from 1% to 13.3% (California).