Income Profile

Enter your details to generate your tax liability report.

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Projected 2026 Standard Deduction: $15,200
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Tax Liability Report

Estimated federal tax burden & net income.

Effective Rate
0.00%
Federal Tax
$0
Marginal Rate
0%
Taxable Income
$0
Take-Home Pay
$0
Tax Bracket Breakdown 2026 Projected
  • Enter income to see breakdown

Understanding Your 2026 Tax Estimate

The Tax Cuts and Jobs Act (TCJA) of 2017 is set to expire at the end of 2025. Unless Congress acts, tax brackets will revert to their 2017 levels, adjusted for inflation. This calculator helps you plan for that potential shift.

How Federal Income Tax Works

The U.S. operates on a progressive tax system. This means you don't pay one single rate on all your money. Instead, your income is sliced into chunks, and each chunk is taxed at a specific rate.

2026 Projected Changes

  • Standard Deduction: Likely to decrease effectively by almost half compared to 2025 levels (adjusted for inflation).
  • Tax Rates: Most individual income tax rates will increase (e.g., the 12% bracket may become 15%, the 22% bracket may become 25%).
  • SALT Cap: The $10,000 cap on State and Local Tax deductions may disappear.

Frequently Asked Questions

What is the difference between marginal and effective tax rate?

Your marginal rate is the tax percentage applied to the very last dollar you earned (your highest bracket). Your effective rate is the actual percentage of your total income that goes to the IRS after blending all the lower brackets together.

Does this include state taxes?

No, this calculator currently estimates Federal Income Tax only. State taxes vary wildly from 0% (like Texas or Florida) to over 13% (like California).

What happens if the TCJA is extended?

If Congress extends the tax cuts, your 2026 taxes will likely look very similar to your 2025 taxes. This calculator assumes the current law (expiration) takes effect.