United States Tax Calculator 2017/18
About the United States Tax Calculator 2017 / 2018
US Salary and Tax Calculator updated for 2017 / 2018. The Salary Calculator takes into account all deductions including Marital Status, Marginal Tax rate and percentages, income tax calculations and thresholds, incremental allowances for dependants, age and disabilities
iCalculator provides the most comprehensive free online US salary calculator with detailed breakdown and analysis of your salary including breakdwon ito hourly, daily, weekly, monthly and annual pay and tax rates.
Simply enter your annual earning below and hit Submit to see a full Salary and Tax illustration for the United States. Use the advanced salary calculations to tweak your specific personal exemption and standard deductions.
Please contact us if you identify an error or have a feature request / additional requirement for this salary calculator.
iCalculator US salary Calculator is updated for the 2017 / 2018 tax year. You can calculate your take home pay based of your annual salary and include tax deductible elements such as head of household, blind and age related allowances.
iCalculator also provides historical US Federal Income Tax figures so you can review how much tax you have paid in previous tax years or you can use our Salary Tax calculator 2017 / 2018 to see home much your take home salary will be this year. See the guide below for specific information on each element that is taken into account when calculating your take home pay including federal tax forms, medicare, social security portion etc.
iCalculator is a collection of online calculators which are specifically designed for online use via computers, mobile phones and tablets. The calculators provided on this website are free to use, we hope you find them useful and kindly ask that you provide feedback (by contacting us through our website, contacting us through Facebook or dropping us a tweet on Twitter). iCalculator is an ongoing project that aims to provide calculators for our community for all their personal and business needs. We regularly add new calculators and provide new online calculators on request as well as expanding on the calculators we have in each section.
We know it's nerdy but calculators are our passion and we aim to make our calculators easy to use and understand. When practicable, we provide detailed breakdown of the calculations and supporting information so that you understand exactly how the calculator works and what information you need to know. A good example of this is our tax calculator, which provides a line by line calculation explanation, analysis and links to supporting information so that you can have a clear understanding of how your tax (Medicare, Social Security etc.) are calculated. Did you know you can leave feedback, request new calculator features and get advice and support from our community on our forums? Join us now.
The iCalculator project was launched in 2009. In the early days iCalculator simply provided a few mathematical calculators. As the years have past, iCalculator has grown and grown and now provides dedicated advice and support (with tax guides, supporting articles and clarification of terminology). We have, and continue, to refine our calculators to provide more detailed breakdown, results and information so that you have the tool you need.
The United States Tax and Salary Calculator was added in early Jan 2013 after a request for further detail and explanation of tax deductions and salary deductibles as we provide in our other tax calculators. We hope you find that the Federal Tax Calculator makes it easier for you to understand your salary breakdown and tax deductions and kindly ask that you highlight any bugs / let us know of any feature requirements by (by contacting us through our website, contacting us through Facebook or dropping us a tweet on Twitter).
Our community is the world, well, a fair bit of it! iCalculator is most popular in the United Kingdom, Australia, United States and now we are helping Jamaican's with their tax calculations. We regularly get feedback and support from those countries and would like to acknowledge and thank all those who have supported us over the years (too many to name them all).
Please continue to provide feedback and send us your calculator requests.
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REPAYE and Student Loans: Is Summer of 2016 the Time You Apply?
Recent spring college graduates who are not yet employed may be getting worried about impending student loan payments. If the payments cannot be made, there is an option in a little used, but highly effective program called REPAYE. US News recently looked at REPAYE and PAYE, the differences, and the push for more people to take advantage of REPAYE.
When President Obama was elected, he had plans to overhaul parts of the education system. He wanted to focus on the student loan debt problem. As he was elected into office for a second term, he never lost that focus. While speaking at the University of North Carolina in Chapel Hill in 2012, he said, “ Americans now owe more on their student loans than they do on their credit cards. And living with that kind of debt means that this generation is not getting off to the same start that previous generations — because you’re already loaded up with debt. “
His concern for young people’s obligation was the underlying reason for the REPAYE program. However, people are not taking advantage of the program in the summer of 2016.
He continued his push in 2104 with his Presidential Memorandum, which begged the Department of Education to consider regulations to help remove the burdens of student loan repayments. Then in late 2015, he issued his REPAYE regulation.
Education Secretary Aren Duncan shows his pleasure at the plan when he gushes, “This proposal is an investment in our economy’s future that provides targeted benefits to even more borrowers, so they can stay current on their loans and furthers our commitment to lifting the burden of crushing student loan debt.”
The plan will allow Direct Loan borrowers to cap their monthly loan obligations at 10 percent of their discretionary income. The government lists four of these direct loan programs and designates them as The William D. Ford Federal Direct Loan program:
- Direct Consolidation Loans-when all your loans are combined for one single payment
- Direct PLUS Loans-loans given to professional students, graduate students, and parents who have dependent undergraduate students
- Direct Unsubsidized Loans-loans awarded to eligible undergraduate students, graduate students, and professional students when the student does not have to show financial need to obtain it
- Direct Subsidized Loans- given to students who show financial need for covering college or career school costs
repaye calculator 2016
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Home & Mortgage
Paycheck & Benefits
How much will I need to save for retirement?
Retirement can be the saddest or happiest day of your life. This pre-retirement calculator will help you determine how well you have prepared and what you can do to improve your retirement outlook. It is important that you re-evaluate your preparedness on an ongoing basis. Changes in economic climate, inflation, achievable returns, and in your personal situation will impact your plan.
This information may help you analyze your financial needs. It is based on information and assumptions provided by you regarding your goals, expectations and financial situation. The calculations do not infer that the company assumes any fiduciary duties. The calculations provided should not be construed as financial, legal or tax advice. In addition, such information should not be relied upon as the only source of information. This information is supplied from sources we believe to be reliable but we cannot guarantee its accuracy. Hypothetical illustrations may provide historical or current performance information. Past performance does not guarantee nor indicate future results.
Pay as you earn student loan repayment calculator
Whether you’re a student or parent, years away from college or just a few days away, we have checklists to help you get ready.
Learn how to find and apply for scholarships.
Learn about the eligibility criteria for the federal student aid programs.
Ready to fill out the FAFSA now? Go to the FAFSA website!
Estimate your monthly loan payments and evaluate repayment plan options.
Student loans are cheap so are they worth repaying early Whats the impact on your credit score Find out and use our student loan repayment calculator.
Federal student loan repayment plans include the Standard Extended Graduated IncomeBased Pay As You Earn REPAYE IncomeContingent and Income.
Today the Department of Education made the newest incomedriven student loan repayment plan the Revised Pay As You Earn REPAYE plan available for.