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HOW TO USE THIS CALCULATOR: Go to File > Make a copy to save a version for yourself. Make changes in the WHITE boxes. At a minimum, change the income value. Under "Deductions", enter either the standard deduction for single filers (\$12k), married filing jointly (\$24k), or head of household (\$18k); or enter a higher amount if desired. You can also change the tax bracket rates by entering a different percentage value, and you can change the top value of each bracket. The top bracket will start at \$1 more than the next highest bracket. The calculations page is designed to marginally tax each segment of income, so if you enter a lower income than a given bracket, the tax added from that bracket will go to \$0. This calculator is a simplified tax bracket simulator for W-2 income. It does not take into account exemptions, special deductions, capital gains tax, or other special cases. It is therefore likely to overestimate actual taxes owed on high incomes.
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Total Income
Bracket Rates(%)
Brackets (Top of each bracket, except max bracket which is a minimum)
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\$1,000,000.00enter the number (no % sign)SingleMarried Filing JointlyMarried Filing SeparatelyHead of Household
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Deductions10%\$9,525.00\$19,050.00\$9,525.00\$13,600.00
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\$200,000.0012%\$38,700.00\$77,400.00\$38,700.00\$51,800.00
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Taxable Income22%\$82,500.00\$165,000.00\$82,500.00\$82,500.00
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\$800,000.0024%\$157,500.00\$315,000.00\$157,500.00\$157,500.00
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32%\$200,000.00\$400,000.00\$200,000.00\$200,000.00
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35%\$500,000.00\$600,000.00\$300,000.00\$500,000.00
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37%\$500,001.00\$600,001.00\$300,001.00\$500,001.00
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RESULTSSingleMarried Filing JointlyMarried Filing SeparatelyHead of Household
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Total Taxes Owed\$261,689.50\$235,379.00\$265,689.50\$260,298.00
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EFFECTIVE tax rate26.17%23.54%26.57%26.03%
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NET INCOME\$738,310.50\$764,621.00\$734,310.50\$739,702.00
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