For Educational Purposes Only — Not Tax Advice — 2025 IRS Regulations (Rev. Proc. 2024-40) + OBBBA

2025 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 2025 — New Above-the-Line Deductions
Qualified overtime — Code TT (limit $12,500)
$
OBBBA deduction for qualified overtime — reduces AGI
Qualified tips — Code TP (limit $25,000)
$
OBBBA deduction for qualified tip income
Dependents
Child Tax Credit $2,000 per child (2025) · Other Dependent $500 each
Children under 17
👦
$2,000 CTC each — phases out above $200,000
Other dependents
👤
College students, parents, relatives — $500 credit each
Pre-Tax Contributions
2025 limits enforced automatically
401k / 403b — limit $23,500
$
Standard limit
Traditional IRA — limit $7,000
$
Deductibility phases out with a workplace plan
HSA — limit $4,300
$
Requires an HDHP health insurance plan
FSA Medical — limit $3,300
$
FSA Dependent Care — limit $5,000
$
Deductions
Standard automatically selected if it's larger
Standard deduction
$15,750
Itemized deduction
$0
Less than standard
OBBBA charitable — non-itemizer (limit $300)
$
Cash donations — stacks ON TOP of standard deduction (OBBBA)
Educational use only. Simplified 2025 estimate. Sources: IRS Rev. Proc. 2024-40 · OBBBA July 2025 · SECURE 2.0.Full disclaimer →
Tax Savings Meter
How much of your tax bill you've eliminated
0%eliminated0%100%
Baseline tax
$16,652
no strategies
Total saved
$1
strategies applied
Tax owed
$16,652
after strategies
🎯 No strategies applied yet
Enter 401k, IRA, HSA or business deductions above to fill the meter
2025 Summary · Single · Texas
Total tax owed
$16,652
Monthly take-home
$5,696
Effective total rate
19.6%
Marginal fed rate
22.0%
After-tax income
$68,349
Adj. gross income
$85,000
Tax Breakdown
Federal income tax$10,149
Social Security (6.2%)$5,270
Medicare (1.45%)$1,233
Texas state tax$0
Total tax$16,652
Income Flow
Gross income
$85,000
− Above-the-line deductions
$85,000
= Adjusted Gross Income (AGI)
− Standard deduction + QBI + OBBBA
$69,250
= Taxable Income
Federal Bracket Breakdown
10% bracket ($11,925)$1,193
12% bracket ($36,550)$4,386
22% bracket ($20,775)$4,571
TaxsaveIQ · Educational purposes only · Not tax advice · IRS Rev. Proc. 2024-40 · OBBBA July 2025 · SECURE 2.0 ·Full disclaimer