US Income Tax Calculator 2023
The Tax Calculator uses tax information from the tax year 2023 to show you take-home pay. See where that hard-earned money goes - with Federal Income Tax, Social Security, and other deductions. More information about the calculations performed is available on the about page.
Using The Tax Calculator
To start using The Tax Calculator, simply enter your annual salary in the "Salary" field in the left-hand table above. If you know your tax code you can enter it, or else leave it blank.
If you do any overtime, enter the number of hours you do each month and the rate you get paid at - for example, if you did 10 extra hours each month at time-and-a-half, you would enter "10 @ 1.5". 5 hours double time would be "5 @ 2". The Fair Labor Standards Act requires that all non-exempt employees are paid overtime rates of at least one and a half times normal wage for any work over 40 hours per week. More information here.
Select your filing status from the drop-down. Choose whether you are filing as an individual ("Single"), as a married couple filing a joint return, as a married individual filing separately from your spouse, or as the head of household.
Choose the number of dependents you have, excluding yourself and your spouse, who are already included in the default standard deduction. If you have any other deductions (such as contributions to a retirement plan) enter the monthly amount into the deductions field.
You can read more about the thresholds and rates used by The Tax Calculator on the about page.