calculate_us_federal_tax
Estimate US federal income tax for tax year 2026 using IRS progressive brackets and standard deduction. Returns taxable income, tax owed, and effective and marginal rates.
Instructions
Calculate US federal income tax for tax year 2026 using the IRS progressive brackets and the standard deduction for the chosen filing status. Use for a quick federal-only estimate; it does NOT include state income tax or FICA payroll taxes. Inputs: income (annual gross income in USD) and optional filing_status. Returns taxable income after standard deduction, federal tax, effective and marginal rates. Read-only and deterministic. Estimates only — not tax advice.
Input Schema
| Name | Required | Description | Default |
|---|---|---|---|
| income | Yes | Gross annual income in USD | |
| filing_status | No | Filing status | single |