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Connecticut
Tax
Breakdown
USD
USD
2026 limit: $23,500 (under 50) / $31,000 (50+) Freelancer: Solo 401(k) up to $70,000
USD
2026 limit: $7,000 (under 50) / $8,000 (50+)
USD
Health insurance, HSA, FSA, etc.
Employment
Filing Status
Tax Breakdown
Federal Tax
—State Tax
—Summary
Effective Tax Rate
—Estimated Tax—
Estimated Net—
Applied Rules
- ·2026 federal tax brackets — Single filer
- ·Federal standard deduction $15,000 applied to federal taxable income
- ·2026 state tax brackets — Single filer
- ·State standard deduction $15,000 applied
- ·401(k) & IRA contributions: Traditional only — Roth contributions are not tax-deductible
- ·FICA: Social Security 6.2% + Medicare 1.45% — employee share only (employer pays matching 7.65%)
- ·Social Security wage base capped at $176,100
- ·Additional Medicare Tax: 0.9% on wages above $200,000 (if applicable)
* This is an estimate only. Actual tax liability may differ based on: Child Tax Credit ($2,000/child under 17), itemized deductions, state/local taxes, capital gains, investment income, or other tax credits not reflected here. Consult a tax professional for precise calculations.