Tax

Wondering how much of social security is taxable? The IRS uses a 'combined income' formula — adjusted gross income (excluding Social Security) plus tax-exempt interest plus half your annual benefits — to decide whether 0%, up to 50%, or up to 85% of your benefits get added to taxable income. For example, a married couple filing jointly with $28,000 in benefits and $35,000 of pension and interest income lands in the 85% tier, making roughly $20,000 of their benefits taxable at their marginal rate.

Wondering how much is child tax credit for your family? This calculator estimates your federal Child Tax Credit (CTC) by combining the number of qualifying children under 17, your modified adjusted gross income (MAGI), and your filing status. For example, a married couple filing jointly with two qualifying children and $120,000 MAGI typically receives the full $2,000 per child, totaling $4,000. The credit begins to phase out at $400,000 MAGI for joint filers and $200,000 for all others, reducing by $50 for every $1,000 above the threshold.

Wondering how much California state tax you'll owe this year? California uses a progressive income tax with nine brackets ranging from 1% to 12.3%, plus an additional 1% Mental Health Services Tax on income above $1 million. A single filer earning $75,000 with the standard deduction of $5,540 (2026) pays roughly $3,300 in state tax, giving an effective rate near 4.4%. Your actual liability depends heavily on filing status, itemized vs. standard deductions, and whether you qualify for credits like the CalEITC or the Young Child Tax Credit.

Wondering how much is tax in New York for your situation? New York layers state income tax, possible New York City or Yonkers resident tax, federal FICA, and a 4% state sales tax plus local surcharges that push combined sales tax to 8.875% in NYC. For 2026, state income tax brackets run from 4% on the first $8,500 of taxable income (single) up to 10.9% above $25 million. A single filer earning $75,000 with the standard deduction owes roughly $3,900 in NY state tax, an effective rate near 5.2%.