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- Income Tax Calculator 2023-2024
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On TurboTax's Website
Curious how much you might pay in federal and state taxes this year? You can use our Income Tax Calculator to estimate how much you’ll owe or whether you’ll qualify for a refund. Simply enter your taxable income, filing status and the state you reside in to find out how much you can expect to pay.
Generally, if your taxable income is below the 2023-2024 standard deduction, your tax is $0. Your filing status, age and whether you qualify as legally blind also determine your standard deduction amount.
After-Tax Income
$58,926
Federal taxes
Marginal tax rate 22%
Effective tax rate 10.94%
Federal income tax $7,660
State taxes
Marginal tax rate 5.85%
Effective tax rate 4.88%
New York state tax $3,413
Gross income $70,000
Total income tax -$11,074
After-Tax Income $58,926
Disclaimer: Calculations are estimates based on tax rates as of Jan. 2023 and data from the Tax Foundation. These rates are subject to change. Check the IRS website for the latest information about income taxes and your state tax website for state-specific information. Our calculator doesn’t consider both 401k and IRA deductions due to the tax law limitations. Please note, the amount of your IRA deductions may vary. You should speak with a tax professional to determine your tax situation.
Featured Tax Software Partner
TurboTax Deluxe
State Filing Fee
$64
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Compare Your After-Tax Income To Other States
State
- Alabama
- Alaska
- Arizona
- Arkansas
- California
- Colorado
- Connecticut
- Delaware
- Florida
- Georgia
- Hawaii
- Idaho
- Illinois
- Indiana
- Iowa
- Kansas
- Kentucky
- Louisiana
- Maine
- Maryland
- Massachusetts
- Michigan
- Minnesota
- Mississippi
- Missouri
- Montana
- Nebraska
- Nevada
- New Hampshire
- New Jersey
- New Mexico
- New York
- North Carolina
- North Dakota
- Ohio
- Oklahoma
- Oregon
- Pennsylvania
- Rhode Island
- South Carolina
- South Dakota
- Tennessee
- Texas
- Utah
- Vermont
- Virginia
- Washington
- West Virginia
- Wisconsin
- Wyoming
- Washington, D.C.
Income Tax Rate By State
View how much tax you may pay in other states based on the filing status and state entered above.
| State | Net Pay | Effective State Tax Rate | Rank |
|---|---|---|---|
| Alaska | $ 62,340 | 0.00% | 1 |
| Florida | $ 62,340 | 0.00% | 1 |
| Nevada | $ 62,340 | 0.00% | 1 |
| New Hampshire | $ 62,340 | 0.00% | 1 |
| South Dakota | $ 62,340 | 0.00% | 1 |
More from
Enter household income you received, such as wages, unemployment, interest and dividends.
Choose the filing status you use when you file your tax return
Input the total of your itemized deductions, such as mortgage interest, charitable contributions, medical and dental expenses, and state taxes. If your total itemized deductions are less than the standard deduction, the calculator will use the standard deduction.
Enter your total 401k retirement contributions for 2022. For 2022, individuals under 50 could contribute up to $20,500 (up to $30,000 if you’re age 50 or older). The 2023 401(k) contribution limit for individuals under 50 is $22,500.
Enter your IRA contributions for 2022. For 2022, you could contribute up to $6,000, or up to $7,000 if you’re age 50 or older. IRA limits for 2023 have been escalated to $6,500, or your taxable income, for individuals under 50.
Enter how many dependents you will claim on your 2022 tax return
This calculator estimates the average tax rate as the federal income tax liability divided by the total gross income. Some calculators may use taxable income when calculating the average tax rate.
This calculator estimates the average tax rate as the state income tax liability divided by the total gross income. Some calculators may use taxable income when calculating the average tax rate.
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