Free calculator · tax year 2026
Retiree tax calculator
Social Security, pensions, IRA withdrawals and investment income in, federal and state income tax out, with the bracket you reach and how close you are to the IRMAA and ACA lines.
Income tax, 2026: $6,054.
Income tax, 2026$6,054Plan withdrawals and Roth conversions together
See how cash, IRA, Roth and brokerage withdrawals cover spending, with federal and state tax.
Federal $4,697, North Carolina $1,357. Your last dollar of ordinary income is taxed at 12%, with $57,510 left before the next bracket.
| Income before tax | $97,900 |
| Taxable Social Security | $32,640 |
| Adjusted gross income | $92,140 |
| Deductions | $39,850 |
| Taxable income | $52,290 |
| Federal tax | $4,697 |
| North Carolina tax | $1,357 |
| Total income tax | $6,054 |
Lines this income is measured against
| IRMAA, sets 2028 Medicare premiums (estimate) | $125,860 under the first surcharge |
| ACA premium tax credit line (400% of poverty) | $13,300 over |
| 0% long-term capital gains rate | $46,610 of taxable income left |
North Carolina also asks about Bailey-exempt government retirement. This page counts them as $0; the full planner asks for them.
North Carolina. Not modeled: child deduction, military retirement deduction, North Carolina credits. Pensions, IRA distributions and Roth conversions are taxed unless entered as Bailey-exempt government retirement.
Calculations, not tax, legal or investment advice.
Method and sources
The federal return uses the 2026 tables: up to 85% of Social Security taxed under the IRS worksheet, the standard deduction with the extra amount at 65 and the 2026 senior deduction, ordinary brackets, then qualified dividends and long-term gains stacked on top at 0%, 15% or 20%, and the 3.8% net investment income tax above its threshold. Itemized deductions are not asked; the standard deduction is used.
State tax comes from the state’s latest published tables and its rules for Social Security, pensions and IRA withdrawals; a state still on an earlier year’s figures says so under the result. Withdrawals are treated as IRA withdrawals. A married couple’s Social Security, pensions and withdrawals are split evenly between you, which matters in states with a per-person retirement exclusion. Indiana and Maryland county taxes are included; other local income taxes are not. IRMAA uses the latest published tiers as an estimate for premiums two years out.
Tables and sources
- Rev. Proc. 2025-32§4.01 Tables 1 and 3; §4.14(1) and (3); §4.03 · 2026 · www.irs.gov
- Schedule 1-A (Form 1040), Part V Enhanced Deduction for SeniorsSchedule 1-A Part V; IRC §151(d)(5)(C), effective 2025–2028 · 2026 · www.irs.gov
- IRS Publication 915, Social Security and Equivalent Railroad Retirement BenefitsIRC §86 base amounts; Pub 915 Worksheet 1; not indexed · 2026 · www.irs.gov
- CMS fact sheet: 2026 Medicare Parts A & B Premiums and Deductibles (2025-11-14)Part B and Part D income-related monthly adjustment amounts; set from MAGI two tax years earlier · 2026 · www.cms.gov
- HHS 2025 Poverty Guidelines (Federal Register 2025-01377); IRS Premium Tax Credit Q&A A72026 coverage uses the 2025 HHS poverty guidelines (48 states + DC); the enhanced credit lapsed after 2025, so eligibility stops above 400% FPL · www.federalregister.gov
- N.C. Gen. Stat. §105-153.7, Individual income tax imposedG.S. 105-153.7(a): taxable years beginning after 2025, 3.99% · 2026 · www.ncleg.gov
- NCDOR Tax Rate SchedulesCurrent Tax Year Rates: taxable years after 2025, 3.99% · 2026 · www.ncdor.gov
- N.C. Gen. Stat. §105-153.5, Modifications to adjusted gross incomeG.S. 105-153.5(a)(1): standard deduction by filing status; G.S. 105-153.5(b)(1) U.S. obligation interest, (b)(3) Social Security benefits, (b)(5) Bailey/Emory/Patton government retirement, (c)(1) other states' obligations added · 2026 · www.ncleg.gov