The Income Tax Calculator Application aims to provide a close-to-accurate and straightforward way to calculate your net income after federal and state taxes. It considers various tax brackets and deductions to give you a detailed breakdown of your income, taxes, and take-home pay. Designed for both salaried and hourly employees, this tool can help you plan your finances more effectively.
- Multiple Income Types: Supports both salaried and hourly income calculations.
- Detailed Tax Breakdown: Provides a breakdown of federal and state taxes, including Medicare, Social Security, and other state-specific taxes.
- Configurable Inputs: Allows users to enter specific details like hours worked per week, hourly wage, or yearly salary.
- Taxable Income Estimation: Utilizes an estimated percentage of gross income as taxable income for more accurate tax calculations.
- Flexible: Easily extendable to include additional features like tax deductions, tax credits, or support for more states.
- TypeScript
- React
- NextJS
- TailwindCSS
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Clone the Repository
git clone https://github.com/nyedr/income_calculator.git
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Navigate to Project Directory
cd income-tax-calculator -
Install Dependencies
npm install
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Environment Variables
Create a
.envfile in the root directory and populate it with the necessary variables. -
Run the Application
npm run dev
- Home Page: Navigate to
http://localhost:3000/to access the application. - Input Details: Enter your income details, such as hourly wage or yearly salary, along with the type of income (hourly/salary).
- Calculate: Click on the "Calculate" button to view the detailed breakdown.
Feel free to submit pull requests for new features, bug fixes, or improvements. Refer to the CONTRIBUTING.md file for guidelines.
This project is licensed under the MIT License. See the LICENSE.md file for details.