For Educational Purposes Only — Not Tax Advice — 2026 IRS Regulations (Rev. Proc. 2025-32) + OBBBA
Income Tax
$9,870
Monthly
$5,719
Eff. Rate
11.6%

2026 W-2 Tax Calculator

All filing statuses · All 50 states · OBBBA compliant · IRA · 401k · HSA · QBI

Personal Information
Filing Status
Age
🎂
50+ catch-up · 60–63 super catch-up (SECURE 2.0)
State of residence
Income
All sources for the tax year
W-2 wages / salary
$
Box 1 of your W-2
Self-employment income
$
Gross profit — SE tax auto-calculated
Short-term capital gains
$
Under 1 year — ordinary income rates
Long-term capital gains
$
Over 1 year — 0%, 15%, or 20%
Qualified dividends
$
Taxed at LTCG rates
Other income
$
Rental, prizes, alimony (pre-2019)
OBBBA 2026 — New Above-the-Line Deductions
Qualified overtime — Code TT (limit $12,500)
$
OBBBA deduction for qualified overtime — reduces taxable income (post-AGI)
Qualified tips — Code TP (limit $25,000)
$
OBBBA deduction for qualified tip income
Dependents
Child Tax Credit $2,200 per child (2026) · Other Dependent $500 each
Children under 17
👦
$2,200 CTC each — phases out above $204,000
Other dependents
👤
College students, parents, relatives — $500 credit each
Pre-Tax Contributions
2026 limits enforced automatically
401k / 403b — limit $24,500
$
Standard limit
Traditional IRA — limit $7,500
$
Deductibility phases out with a workplace plan
HSA — limit $4,400
$
Requires an HDHP health insurance plan
FSA Medical — limit $3,400
$
FSA Dependent Care — limit $5,000
$
Deductions
Standard automatically selected if it's larger
Standard deduction
$16,100
Itemized deduction
$0
Less than standard
OBBBA charitable — non-itemizer (limit $1,000)
$
Cash donations — stacks ON TOP of standard deduction (OBBBA)
Educational use only. Simplified 2026 estimate. Sources: IRS Rev. Proc. 2025-32 · OBBBA July 2025 · SECURE 2.0.Full disclaimer →
Estimated Income Tax
$9,870
Monthly Take-Home
$5,719
Effective Rate
11.6%
Marginal Rate
22.0%
After-Tax Income
$68,628
AGI
$85,000
Tax Savings Meter
How much of your tax bill you've eliminated
0%eliminated0%100%
Income tax baseline
$9,870
no strategies
Income tax saved
$0
strategies applied
Income tax
$9,870
after strategies
🎯 No strategies applied yet
Enter 401k, IRA, HSA or business deductions above to fill the meter
Income Tax Breakdown
Federal Tax Before Credits
$9,870
Net Federal Income Tax
$9,870
Texas State Tax
$0
Est. Income Tax
$9,870
Payroll Taxes (reference)
Social Security (6.2%)
$5,270
Medicare (1.45%)
$1,233
Income Flow
Gross Income
$85,000
Adj. Gross Income
$85,000
after above-line deductions
Taxable Income
$68,900
after deduction + QBI
Federal Brackets
10% on $12,400$1,240
12% on $38,000$4,560
22% on $18,500$4,070
Tax Savings Meter
How much of your tax bill you've eliminated
0%eliminated0%100%
Income tax baseline
$9,870
no strategies
Income tax saved
$0
strategies applied
Income tax
$9,870
after strategies
🎯 No strategies applied yet
Enter 401k, IRA, HSA or business deductions above to fill the meter
2026 Summary · Single · Texas
Estimated Income Tax
$9,870
Monthly take-home
$5,719
Effective total rate
11.6%
Marginal fed rate
22.0%
After-tax income
$68,628
Adj. gross income
$85,000
Tax Breakdown
Income Taxes
Federal tax before credits$9,870
Net federal income tax$9,870
Texas state tax$0
Estimated Income Tax$9,870
Payroll Taxes
Social Security (6.2%)$5,270
Medicare (1.45%)$1,233
Estimated Total Tax Burden$16,373
Strategy savings are estimated against federal and state income tax. Payroll taxes are shown separately for awareness.
Income Flow
Gross income
$85,000
− Above-the-line deductions
$85,000
= Adjusted Gross Income (AGI)
− Standard deduction + QBI + OBBBA
$68,900
= Taxable Income
Federal Bracket Breakdown
10% bracket ($12,400)$1,240
12% bracket ($38,000)$4,560
22% bracket ($18,500)$4,070
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TaxsaveIQ · Educational purposes only · Not tax advice · IRS Rev. Proc. 2025-32 · OBBBA July 2025 · SECURE 2.0 ·Full disclaimer