Tax and Salary
Converting a salary to an hourly rate, estimating your tax bracket, self-employment tax, and the difference between your marginal and effective tax rate: income and payroll math built around current published tax bracket data.
Calculators & Tools
Paycheck Calculator
The Paycheck Calculator estimates net take-home pay for any pay period (annual, monthly, biweekly, or weekly) after applying 2024 federal income tax brackets, Social Security tax (6.2% up to $168,600 wage base), Medicare tax (1.45%), and pre-tax deductions for 401(k), health insurance, and HSA contributions. Enter gross salary, filing status, pay frequency, pre-tax deductions, and an optional state income tax rate to see a full waterfall breakdown from gross to net.
Income Tax Estimator
The Income Tax Estimator calculates estimated 2024 US federal income tax using official IRS tax brackets. Select your filing status (single, married filing jointly, married filing separately, or head of household), enter gross income, optional pre-tax deductions (401k, HSA), number of qualifying children for the Child Tax Credit, and choose standard or itemized deduction. Results show taxable income, federal tax owed after credits, effective tax rate, marginal tax rate, a bracket-by-bracket breakdown, Social Security and Medicare (FICA) taxes, and an estimated take-home pay figure.
Self-Employment Tax Calculator
The Self-Employment Tax Calculator computes 2024 SE tax on net self-employment income. Enter net business income (after expenses), any W-2 wages (affects the Social Security wage base cap and Additional Medicare Tax threshold), filing status, and estimated federal income tax rate. Results show SE tax base (92.35% of net income), Social Security tax at 12.4%, Medicare tax at 2.9%, Additional Medicare Tax at 0.9% if applicable, total SE tax owed, the deductible half of SE tax, estimated income tax, and quarterly estimated tax payment with 2024 due dates.
Tax Bracket Calculator
The Tax Bracket Calculator shows which 2024 federal tax bracket your income falls into and how close you are to the next threshold. Enter gross income, filing status, and pre-tax deductions to see your marginal rate, effective rate, total federal tax, a bracket-by-bracket breakdown, and a deduction scenario showing how much a targeted contribution saves and whether it drops you into a lower bracket.
Salary to Hourly Calculator
The Salary to Hourly Calculator converts any pay period (annual, monthly, bi-weekly, weekly, daily, or hourly) to all other equivalent rates. Enter your pay amount, select your pay period, adjust hours per week (32, 37.5, 40, or 45) and paid weeks per year (48, 50, or 52 to account for unpaid leave), and the calculator outputs your equivalent hourly, daily, weekly, bi-weekly, monthly, and annual figures plus your overtime rate at 1.5x.
Marginal vs Effective Tax Rate Calculator
The Marginal vs Effective Tax Rate Calculator shows the difference between your marginal tax rate (the rate on your last dollar of income) and your effective tax rate (total tax divided by gross income) using 2024 federal brackets. Enter gross income and filing status, choose standard or itemized deduction, and see a bracket-by-bracket income distribution bar, total federal tax owed, both rates side by side, and a raise scenario showing exactly how much of a hypothetical income increase goes to tax versus take-home pay.