What It Tracks in the USA
- Bank balances, CDs, stocks, funds and ETFs, gold, crypto, bonds and property, valued in USD.
- 401(k) & IRA: 401(k), Roth 401(k), Traditional IRA, Roth IRA, HSA, 529 plan, Pension. 2026 limits: 401(k) $24,500 (plus $8,000 catch-up at 50+), IRA $7,500, HSA $4,400 single or $8,750 family.
- Loans and cards, with a payoff planner that shows which debt to clear first.
- Imports: payslips, bank statements (MDY dates and local shop names understood), invoice lists and broker holdings, read inside your browser.
Tax Year 2026 Income Tax at a Glance
1 January to 31 December 2026. Rules as of October 2026.
Standard deduction: $16,100.
| Taxable income | Rate |
|---|---|
| $0 to $12,400 | 10% |
| $12,401 to $50,400 | 12% |
| $50,401 to $105,700 | 22% |
| $105,701 to $201,775 | 24% |
| $201,776 to $256,225 | 32% |
| $256,226 to $640,600 | 35% |
| Over $640,600 | 37% |
Married Filing Jointly
| Taxable income | Rate |
|---|---|
| $0 to $24,800 | 10% |
| $24,801 to $100,800 | 12% |
| $100,801 to $211,400 | 22% |
| $211,401 to $403,550 | 24% |
| $403,551 to $512,450 | 32% |
| $512,451 to $768,700 | 35% |
| Over $768,700 | 37% |
Standard deduction $32,200.
Payroll Contributions
- Social Security (6.2%), up to $184,500
- Medicare (1.45%)
- Additional Medicare (0.9%), above $200,000
- Self-employment tax, Social Security (12.4%) (self-employed), up to $184,500
- Self-employment tax, Medicare (2.9%) (self-employed)
- Additional Medicare (0.9%) (self-employed)
Federal tax plus an optional flat state rate. State income tax ranges from nothing (Texas, Florida, Washington and others) to over 10% at the top in California. Self-employed people may also get the 20% qualified business income deduction, and families the child tax credit, which are not included here.
Example: a salary of $75,000 a year.
Federal income tax$7,670
Social Security (6.2%)$4,650
Medicare (1.45%)$1,088
Total $13,408, an effective rate of 17.9%. Take-home about $61,592 a year, or $5,133 a month.
Self-Employed and Freelancers
- Self-employment tax of 15.3% on 92.35% of your net profit covers Social Security and Medicare, and half of it is deductible.
- Pay estimated tax each quarter (April, June, September, January) if you expect to owe $1,000 or more.
- Clients usually send a Form 1099-NEC; keep your own records too, since all income is taxable.
- No federal sales tax or VAT; sales tax is set by each state.
On $75,000 of profit, tax and contributions come to about $17,101, so setting aside $1,425 a month keeps you covered.
Key Dates
- 15 January: Fourth quarter estimated tax payment
- 15 April: File your tax return, and first quarter estimated tax
- 15 June: Second quarter estimated tax
- 15 September: Third quarter estimated tax
If Something Goes Wrong
- Consumer Financial Protection Bureau: Problems with a bank, credit card, loan, mortgage or credit report.
- SEC: Fraud or misconduct involving securities, brokers or investment advisers.
- FINRA: Disputes with a brokerage firm or broker.
- Your state insurance department: Claim denials and insurer complaints, found through the NAIC.
- FTC ReportFraud: Scams, identity theft and fraud.