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Retirement Tax Calculator: Your 2026 Federal Bill

Your 2026 federal tax in retirement comes from four pieces: up to 85% of your Social Security, pensions and IRA withdrawals at ordinary rates, investment gains at 0%, 15% or 20%, and three deductions only older taxpayers get. Enter your income to see your bill, your effective rate and the rate on your next dollar.

2026 federal tax law Verified October 23, 2026

Your details

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Both spouses on a joint return; box 5 of the SSA-1099.

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Results update as you type. We don’t save what you enter; shared links keep it after the “#”, which never reaches our servers.

Your 2026 federal income tax

$1,820

2.1% of everything you receive. Your next $1,000 of IRA income would be taxed at about 19%.

Taxable Social Security

$24,700

of $42,000

Deductions

$47,500

standard + 65+ + senior

Bracket

10%

LineAmount
Total received$87,000
Adjusted gross income$69,700
Standard deduction$35,500
Senior deduction$12,000
Taxable income$22,200
Tax on ordinary income$1,820
Tax on gains & qualified dividends$0
Net investment income tax$0
Total federal tax$1,820
Show the math

2026 federal law (Rev. Proc. 2025-32 brackets and standard deductions, the 65+ additional deduction, the 2025–2028 senior deduction), Social Security taxed by the IRS Publication 915 worksheet, gains and qualified dividends at 0/15/20%. State taxes aren’t included. The marginal rate measures what $1,000 more of IRA income really costs, including extra Social Security taxed.

Next stepAdd your stateWhich states tax Social Security, pensions and IRA withdrawals.
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Retirement Income Tax Calculator: Pensions, IRAs and Social Security

Each kind of retirement income is taxed differently, and the calculator handles all of them in one 2026 return. (IRS Publication 915)

Income How it's taxed in 2026
Social Security 0%, 50% or up to 85% taxable, by the IRS worksheet
Pensions, annuities Ordinary income
IRA and 401(k) withdrawals, RMDs Ordinary income
Qualified Roth withdrawals Tax-free
Long-term gains, qualified dividends 0%, 15% or 20%
Municipal bond interest Tax-free, but it counts toward Social Security taxation

Ordinary rates run from 10% to 37%.

Calculator, glasses and money on a desk
Photo: Nataliya Vaitkevich / Pexels

Federal Income Tax Calculator for Retirees: 65-Plus Deductions Included

Three deductions stack for people 65 and older: the standard deduction ($16,100 single, $32,200 joint), an extra $2,050 for a single filer ($1,650 per married person) at 65, and the $6,000 senior deduction for 2025–2028. A married couple both over 65 can deduct up to $47,500 before paying any income tax. (IRS Rev. Proc. 2025-32)

Why your next dollar can cost more than your bracket

The calculator reports a marginal rate that includes knock-on effects. In the "tax torpedo" zone, where each extra dollar also makes Social Security taxable, a 12% bracket can behave like 22% or more. The taxable Social Security calculator charts exactly where that happens for you.

Retired couple reviewing bills at the kitchen table
Photo: Kampus Production / Pexels

Our take: your tax rate in retirement is a choice

Unlike working years, retirement lets you decide which accounts to draw from, when to claim Social Security and when to convert to Roth. A few hours of planning each year can lower lifetime tax a lot. Start with the Roth conversion calculator and the senior deduction calculator, and add your state on the state retirement taxes guide. Choosing where to live? See Tax-Friendly States for Retirees: Our 2026 Ranking.

Frequently asked questions

Does this include state taxes?

No, it's federal only. States differ widely on retirement income — see our state-by-state guide for whether your state taxes Social Security, pensions and IRA withdrawals.

Do I need to make estimated tax payments?

If withholding won't cover your tax and you'll owe $1,000 or more, generally yes — or increase withholding from Social Security, a pension or an IRA instead.

How are RMDs taxed?

As ordinary income, exactly like any other IRA withdrawal. Enter them on the IRA line.

Are Roth IRA withdrawals taxed?

Qualified Roth withdrawals (after 59½ and five years) are tax-free and don't count in this calculation at all.

Sources

Primary sources only. We re-check them whenever an agency publishes new figures.

  1. IRS
    IRS Rev. Proc. 2025-32 — 2026 inflation adjustments· published October 9, 2025
  2. IRS
    IRS Publication 915 — Social Security and Equivalent Railroad Retirement Benefits
  3. IRS
    IRS — One, Big, Beautiful Bill provisions: enhanced deduction for seniors

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Where people go next

Is My Social Security Taxable?How much of your Social Security is taxable using the IRS worksheet — and what the new $6,000 senior deduction changes.Open State Taxes on Retirement IncomeWhich states tax Social Security, pensions and IRA withdrawals — all 50 states and DC, with the 2026 rules.Open Roth Conversion CalculatorThe tax on a Roth conversion, the room left in your bracket and the IRMAA line two years out.Open