Tax Calculator
Calculate federal income tax based on 2023 tax brackets and deductions
Tax Calculator
Calculate federal income tax based on 2023 tax brackets and deductions
Additional Deductions (Optional)
Mortgage interest, charitable donations, etc.
401k contributions, HSA, etc.
How It Works
1. Enter Income
Your annual gross income before taxes
2. Select Filing Status
Single, married, or head of household
3. Add Deductions
Standard deduction is automatic, add extras if itemizing
4. Get Tax Breakdown
See total tax, effective rate, and bracket details
2023 Standard Deductions
Single
$13,850
Married Filing Jointly
$27,700
Head of Household
$20,800
Married Filing Separately
$13,850
Tax Planning Tips
💰 401(k) Contributions: Reduce taxable income
🏠 Mortgage Interest: May be deductible if itemizing
💝 Charitable Donations: Can reduce tax burden
🏥 HSA Contributions: Triple tax advantage
📚 Education Credits: Tax credits for tuition
Perfect For
📊 Tax Planning: Estimate annual tax liability
💼 Career Decisions: Compare salary offers after taxes
🏡 Major Purchases: Plan for tax implications
📈 Investment Planning: Understand tax brackets
Important Notes
⚠️ Federal Only: State taxes not included
📅 2023 Brackets: Based on current tax year
🧾 Simplified: For planning purposes only
👨💼 Consult Professional: For complex situations