Income Tax Estimator
Federal + State · Tax Year 2026 · Post-OBBBA
Basics
Filing status
Married filing jointly
Single
Head of household
Married filing separately
Employment type
W-2 employee
Self-employed
Gross annual income ($)
household total, incl. tips/OT
Pre-tax retirement + HSA ($)
401(k) $24,500 ea · HSA family $8,750
Deduction
Standard
Itemized
Itemized deductions ($)
SALT cap $40,400 in 2026
State
Illinois — 4.95% flat
Iowa — 3.8% flat
Wisconsin — 3.5–7.65% graduated
No state income tax
Other (custom rate)
Custom state rate (%)
Illinois 529 contributions ($)
Bright Start / Bright Directions / College Illinois!
up to $20,000 MFJ
Include FICA (Social Security + Medicare)
Filer is 65 or older
Spouse is 65 or older
Savings Programs & Credits
New OBBBA deductions (2025–2028)
Qualified tip income ($)
up to $25,000
Overtime premium pay ($)
the "half" of time-and-a-half only
up to $25,000 MFJ
New car loan interest ($)
U.S.-assembled vehicle, loan after 2024
up to $10,000
Charitable gifts ($)
non-itemizer deduction, 2026+
up to $2,000 MFJ
Classic deductions
Student loan interest paid ($)
up to $2,500
K-12 educators in household
$300 each
0
1
2
Credits
Qualifying children under 17
$2,200 child tax credit each
Other dependents
$500 credit each — parents, 17+, etc.
Dependent care expenses ($)
daycare etc. — cap $3,000 / $6,000 for 2+
College students (AOTC-eligible)
up to $2,500 each, first 4 yrs
Estimate
Estimated take-home
$0
0%
Effective rate
0%
Marginal bracket
$0
Programs saved you
How your income fills the federal brackets