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Home/Tools/Finance & Tax/Income Tax Calculator/For Students

Income Tax Calculator for Students & Recent Graduates

Free income tax calculator for US federal taxes (2024). Select your filing status, enter gross income, and see estimated taxes across all brackets. Includes FICA (Social Security + Medicare), effective and marginal tax rates, and monthly after-tax income. Disclaimer: estimates only, consult a tax professional. Tailored with tips and guidance for Financial tools for students managing loans, budgeting on entry-level salaries, and building credit..

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StudentsTips for Students & Recent Graduates

  • 1Federal student loan interest is tax-deductible up to $2,500 per year
  • 2Income-driven repayment plans cap payments at 10-20% of discretionary income
  • 3Start building credit early with a secured credit card or as an authorized user
  • 4The Lifetime Learning Credit offers up to $2,000/year for education expenses
  • 5Even small retirement contributions in your 20s grow exponentially — start with your employer match
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About Income Tax Calculator for Students & Recent Graduates

This income tax calculator is specifically designed for Financial tools for students managing loans, budgeting on entry-level salaries, and building credit.. Whether you're just getting started or looking to optimize your financial strategy, this calculator provides the insights you need to make informed decisions.

Why Students & Recent Graduates Need This Calculator

Students & Recent Graduates face unique financial considerations that generic calculators don't address. Use the tips above alongside this income tax calculator to get a complete picture of your financial situation. The calculator is completely free, runs instantly in your browser, and never stores your personal data.

← View Income Tax Calculator (general version)

Income Tax Calculator for Other Groups

FFirst-Time BuyersSSelf-EmployedRRetirees & Pre-RetireesSSeniorsVVeterans

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Disclaimer
This is an estimate only based on 2024 US Federal tax brackets. It does not constitute tax advice. State and local taxes are not included. Consult a qualified tax professional for your actual tax situation.
Enter your annual gross income above to estimate your federal income tax and FICA taxes.
2024 Federal Tax Brackets — Single
RateTaxable Income Range
10%$0 – $11,600
12%$11,600 – $47,150
22%$47,150 – $100,525
24%$100,525 – $191,950
32%$191,950 – $243,725
35%$243,725 – $609,350
37%$609,350 – and above
Standard Deduction: $14,600 · SS Wage Base: $168,600 · Medicare Surcharge Threshold: $200,000
Important: This calculator provides estimates based on 2024 US Federal tax brackets and standard FICA rates. It does not account for state/local taxes, tax credits (e.g., Child Tax Credit, EITC), capital gains, self-employment tax, AMT, or other tax situations. This is not tax advice. Always consult a qualified tax professional for your specific situation.