1. What is This Calculator?

This calculator estimates your federal income tax and FICA contributions (Social Security and Medicare) based on your annual salary and filing status. Note that Texas has no state income tax.

2. How Tax Calculation Works

The calculator uses the following formulas:

Where:

• Federal Tax — Calculated using IRS tax brackets based on filing status
• Social Security Tax — 6.2% on income up to $147,000 (2022 limit)
• Medicare Tax — 1.45% on all income

3. Understanding Texas Taxes

Details: Texas has no state income tax, but residents still pay federal income tax and FICA taxes. Property taxes and sales taxes in Texas tend to be higher than average to compensate.

4. Using the Calculator

Tips: Enter your gross annual salary and select your filing status. The calculator will estimate your federal tax, FICA contributions, total taxes, and net income.

5. Frequently Asked Questions (FAQ)

Q1: Why doesn't this calculator include state tax?
A: Texas is one of a few states with no state income tax, so only federal taxes and FICA are calculated.

Q2: Are these calculations exact?
A: This provides estimates. Actual tax liability may vary based on deductions, credits, and other factors.

Q3: What about additional Medicare tax for high earners?
A: This calculator doesn't include the 0.9% additional Medicare tax on income over $200,000 (single) or $250,000 (married).

Q4: Are there other taxes I should consider?
A: While Texas has no income tax, property taxes, sales taxes, and other fees may apply.

Q5: How often are tax brackets updated?
A: Federal tax brackets are typically adjusted annually for inflation.