Dec 11, 2025 · The seven federal income tax rates are 10%, 12%, 22%, 24%, 32%, 35%, and 37%. Tax brackets divide portions of your income into different windows based on filing status.

Estimate your federal refund or taxes due using our free income tax calculator. Enter your income, age and filing status to get started.

The bonus income tax rate is 22%. Any portion over $1 million is taxed at 37%. Employers must also withhold Medicare and Social Security taxes from bonuses.

However, state income tax rates tend to be lower than federal tax rates. Many range between 1% and 10%, and some states don't tax anything on the first few thousand dollars of income.

Your marginal tax rate is the highest tax rate you will pay. Use our calculator to determine your marginal tax rate for the 2024 tax year.

Oct 9, 2025 · In the U.S., there are seven marginal rates — 10%, 12%, 22%, 24%, 32%, 35% and 37% — which will remain unchanged for 2026 due to the One Big Beautiful Bill Act (OBBBA) …

The Illinois income tax rate is a flat 4.95%. Unlike the federal government and many other states, Illinois does not have tax brackets that impose higher rates on people who earn more.

OASDI tax, also known as Social Security tax, is collected from paychecks to fund the Social Security program. In 2025, the OASDI tax rate is 6.2% for employees and 12.4% for self …

Dec 15, 2025 · If you’re concerned about whether you have to pay the net investment income tax, it’s fairly easy to figure out based on how much money you make and if you have investment …

Dec 22, 2025 · The tax rates and brackets below apply to taxable income earned in 2025, which is reported on tax returns that are due April 15, 2026.