iCalculator™ TX (US)"Informing, Educating, Saving Money and Time in Texas"
US Tax 2024

iCalculator™ US: Texas Tax Calculators

Welcome to iCalculator™ US, your comprehensive suite of free tax calculators for Texas. iCalculator™ has provided free tax calculators for Texas since 2014. Since those early days we have extended our resources for Texas to includes Tax Guides, Tax Videos and enhanced the tax calculators and supporting tax information. View all tax calculators and tools in the Texas Tax Hub or use the Texas Tax Calculator for 2024 (2025 Tax Return).

Texas Tax Calculator 2024
*** Please enter your income ***
Advanced Texas Salary Calculator 2024
FICA (Federal Insurance Contributions Act):
Itemized Deductions:
Retirement Plan Contributions:
About you:
About your spouse (complete if Married filing Jointly):
Local Taxes and Additional Taxes:
Additional Texas State Tax Deductions and Credits:
Additional Federal Tax Deductions and Credits:
Work Time Settings [for fine tune computation of hourly rates etc.]:
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Texas Tax Calculator 2024/25

The Texas Tax Calculator is for the 2024 tax year which means you can use it for estimating your 2025 tax return in Texas, the calculator allows you to calculate income tax and payroll taxes and deductions in Texas. This includes calculations for

  1. Employees in Texas to calculate their annual salary after tax.
  2. Employers to calculate their cost of employment for their employees in Texas.

The Texas Tax Calculator for 2024 encompasses a comprehensive suite of features to cater to your tax calculation needs. Key features include detailed calculations for Federal Income Tax based on the latest tax tables and allowances, FICA contributions covering both Social Security and Medicare, and automatic calculations for the Earned Income Tax Credit (EITC). Additionally, it allows for the consideration of retirement plan contributions, including 401(k), 403(b), SARSEP, and 457 plans, as well as SIMPLE plans, with specific limits for 2024. The calculator also supports Schedule A (Form 1040) for Federal Itemized Deductions, local tax calculations, and the inclusion of additional taxes or deductions.

For those seeking a deeper understanding and more detailed information on these features, including how they apply to your individual tax situation, it's recommended to view the comprehensive instructional overview here. This additional resource provides extensive insights into each feature, ensuring you can maximize your tax deductions and credits effectively for the 2024 tax year.

Discover Texas, United States

Texas, often referred to as the "Lone Star State," is situated in the south-central region of the United States. It shares its southern border with Mexico and is bordered by New Mexico to the west, Oklahoma to the north, Arkansas to the northeast, and Louisiana to the east. Texas also has a coastline along the Gulf of Mexico to its southeast. As the second-largest U.S. state both in area and population, Texas boasts a diverse landscape that includes deserts, prairies, forests, and coastlines. The state is steeped in rich history and culture, influenced by its Mexican heritage, cowboy legacy, and Southern charm. Texas is known for its distinct music scene, particularly country and blues, its vibrant festivals, and its unique culinary traditions, especially Tex-Mex cuisine.

The economy of Texas is one of the largest and most dynamic in the United States. It is renowned for its energy industry, particularly oil and natural gas production, which has been a cornerstone of the state's economy for over a century. Texas leads the nation in wind power generation and has significant solar energy potential. Beyond energy, Texas has a robust technology sector, with Austin being a significant hub for startups and established tech companies. The state's capital is often referred to as "Silicon Hills" due to its concentration of technology companies.

Agriculture is another critical component of the Texas economy, with the state being a leading producer of cattle, sheep, and cotton. Texas also has a substantial manufacturing sector, producing electronics, machinery, chemicals, and aerospace products. The state's strategic location along the Mexican border and its major seaports facilitate international trade, particularly with Mexico and Latin America. Additionally, Texas is a major center for the defense and aerospace industries, with several large military bases and defense contractors located within the state.

Tourism also plays a significant role in the Texas economy, with attractions ranging from the historic Alamo in San Antonio to the NASA Johnson Space Center in Houston and the bustling cultural scene in Dallas and Austin. For more information on Texas' neighboring states, visit New Mexico, Oklahoma, Arkansas, and Louisiana.

Overview of Taxation in Texas, United States

In Texas, the approach to state taxation presents a unique landscape within the United States. This overview highlights the key aspects of Texas' state tax system and the requirements for compliance. While residents and businesses in Texas are subject to the standard federal taxes, the state's own tax policies have distinctive features that set it apart from many other states.

One of the most notable aspects of Texas's tax system is the absence of a state income tax. Texas is one of the few states that does not levy a personal income tax on its residents. This policy simplifies the tax filing process for individuals, as they are only required to file and pay federal income taxes. However, businesses in Texas are subject to the state's franchise tax, which is a tax on their earnings. The franchise tax is notable for its complexity and requires careful compliance from businesses operating within the state.

Sales tax is another significant component of Texas's tax system. The state imposes a general sales tax on most goods and services, and local jurisdictions may add additional sales taxes. This makes understanding the specific sales tax rates in different areas essential for businesses and consumers. Property taxes, administered at the local level, also play a crucial role in Texas’s tax system. Property taxes fund important public services, including education, infrastructure, and emergency services.

Overall, while Texas's tax system offers the advantage of no personal income tax, it places a greater emphasis on other forms of taxation, such as sales and property taxes. Compliance with these tax types is vital for residents and businesses in Texas. For a comprehensive understanding of Texas's state tax system and the latest updates, explore iCalculator™ US Tax HUB for Texas.