Tax calculator
Your 2026 tax bracket and tax drag
Enter your own numbers to see where you fall in the IRS federal tax brackets, and how much yearly taxes may slow the growth of money in a regular investment account.
Your income
Your savings
Your tax bracket
12%
Effective tax rate
8.4%
Estimated federal tax
$10,040
Capital-gains rate
0%
How your income fills the brackets
$120,000 income − $32,200 deductions = $87,800 taxable income
| Rate | Income range | Your income here | Tax |
|---|---|---|---|
| 10% | $0 – $24,800 | $24,800 | $2,480 |
| 12% | $24,800 – $100,800 | $63,000 | $7,560 |
| 22% | $100,800 – $211,400 | — | — |
| 24% | $211,400 – $403,550 | — | — |
| 32% | $403,550 – $512,450 | — | — |
| 35% | $512,450 – $768,700 | — | — |
| 37% | $768,700 – and up | — | — |
Your tax drag
About 0.18% of your return goes to taxes each year — roughly $180 this year.
Without taxes after 20 years
$541,427
After yearly taxes
$526,485
- Taxes paid along the way
- $9,479
- Growth those taxes may have earned
- $5,463
- Total estimated difference
- $14,942
What's next?
See how taxes could change your retirement, or explore ways families lower taxes.
Educational estimate only, not tax advice. Uses 2026 IRS federal brackets and the standard deduction. Does not include state tax, credits, the 3.8% investment income tax, or special rules. Growth is not guaranteed.