Income Tax Brackets 2024 Calculator. Enter your income and location to estimate your tax burden. Free online income tax calculator to estimate u.s federal tax refund or owed amount for both salary earners and independent contractors.

Tax brackets are the amount of tax you’ll pay on a portion of your income. The internal revenue service (irs) adjusts tax brackets for inflation each year, and because inflation remains high, it’s possible you could fall into a lower bracket.