1. What is Texas Salary Tax?

Texas has no state income tax, but residents still pay federal income tax and FICA taxes (Social Security and Medicare). This calculator helps estimate these taxes for the 2024-2025 tax year.

2. How Does the Calculator Work?

The calculator uses current federal tax brackets and FICA rates:

Federal Tax: Progressive tax based on filing status and income brackets

FICA: 6.2% Social Security (up to wage base) + 1.45% Medicare (plus 0.9% for high earners)

3. Importance of Tax Calculation

Details: Understanding your tax liability helps with financial planning, budgeting, and ensuring proper withholdings.

4. Using the Calculator

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

5. Frequently Asked Questions (FAQ)

Q1: Does Texas have state income tax?
A: No, Texas is one of the few states with no state income tax.

Q2: What's the Social Security wage base?
A: For 2024, Social Security tax applies only to the first $168,600 of earnings.

Q3: Are there local taxes in Texas?
A: Some cities may have local sales taxes, but none have local income taxes.

Q4: What about deductions and credits?
A: This calculator provides estimates before deductions. Actual tax liability may differ based on your specific situation.

Q5: Is this calculator accurate for self-employed?
A: No, self-employed individuals pay additional self-employment tax (15.3%).