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To start using The Tax Calculator, simply enter your annual salary in the “Salary” field in the left-hand table above. If you know your tax code you can enter it, or else leave it blank.
If you do any overtime, enter the number of hours you do each month and the rate you get paid at – for example, if you did 10 extra hours each month at time-and-a-half, you would enter “10 @ 1.5”. 5 hours double time would be “5 @ 2”. The Fair Labor Standards Act requires that all non-exempt employees are paid overtime rates of at least one and a half times normal wage for any work over 40 hours per week.
Select your filing status from the drop-down. Choose whether you are filing as an individual (“Single”), as a married couple filing a joint return, as a married individual filing separately from your spouse, or as the head of household.
Choose the number of dependents you have, excluding yourself and your spouse, who are already included in the default standard deduction. If you have any other deductions (such as contributions to a retirement plan) enter the monthly amount into the deductions field.
The Tax Calculator uses Income tax information from the tax year 2018 to calculate the deductions made on a salary. Although we have tried to make this site accurate, it is by no means infallible and is not intended to give you your exact tax data. Because of the number of variables involved, this site can’t do the job on Form 1040. The main considerations are included, others are not, but we hope that most people will be able to get a good approximation of what their employer will withhold.
Deductions are calculated according to how many dependents you have (excluding yourself and your spouse). There is a standard deduction for each filing status. For simplicity on this site, these standard deductions include the personal exemption of $4,050 (doubled for joint returns).
For single filing status, the standard deduction is $10,350. If you are married and filing a joint return, the standard deduction is $20,700. If you are married and filing separate returns, the standard deduction is $10,350. If you are the head of the household, the standard deduction is $13,350.
The Alternative Minimum Tax, or AMT, was introduced in an effort to make sure that high income earners paid a suitable amount of tax without being able to make large deductions and thus avoid Federal Income Tax. A baseline “Tentative Minimum Tax” (TMT) is calculated and compared with the taxpayer’s Federal Income Tax. If the TMT is greater than the Federal Income Tax, the Alternative Minimum Tax is applied as the difference between the two values.
There are AMT thresholds below which no TMT will be calculated – for single filers this is £53,900, for joint married applications it is £83,800, it is £41,900 if married filing separate returns and it’s £53,900 for the Head of Household. The AMT exemption is reduced by 25 cents for each dollar earned over the phaseout thresholds detailed in the table to the left, until it reaches zero – or in the case of married filing separately