Morkel Financial & Tax Services
Free Tools / The Tax Receipt

Your 2026 federal taxes, itemized.

A gas station prints you a receipt for a candy bar, but the biggest bill you pay all year never gets one. So we print it here. Enter your income and filing status, and the register itemizes your 2026 federal taxes against what the government actually spends the money on. There's a download button if you want to keep yours.

Two numbers, one receipt
Filing status

W-2 wages before 401(k) and other deductions. Combine both spouses if filing jointly.

Kids under 17

The child tax credit prints as a coupon, the only one the register accepts.

Your total federal bill
$14,307.50
Effective rate
15.1%
Worked for it until
February 24

Every dollar you earned before February 24 went to this receipt. That works out to 72 minutes of every 8-hour workday, all year.

A planning estimate for tax year 2026, not tax advice or a tax return. Uses the 2026 federal brackets and standard deduction under Rev. Proc. 2025-32, the child tax credit with its phaseout, and employee-side Social Security and Medicare taxes on wage income. Ignores state tax, itemized deductions, other credits, self-employment and investment income, and pre-tax payroll deductions. Spending shares approximate federal outlays by budget function for fiscal year 2025 and are applied to your combined income and payroll tax. By law, payroll taxes are earmarked for Social Security and Medicare; the receipt instead spreads your total across where federal spending actually goes. Runs entirely in your browser. Nothing you type is stored or sent anywhere.

Built in Mapleton, Utah by Ewan Morkel, EA. If you spot an error in the math or the spending shares, email ewan@morkelfinancial.com and it'll get fixed.

The data

Where each dollar goes

The percentages are fiscal year 2025 federal outlays, grouped by budget function and rounded so the receipt balances. A few of them surprise people every time. Foreign aid, the perennial first guess for where the money goes, is about a penny of each dollar. And interest on money the government already borrowed now costs more than the military.

Social Security
21.5¢ per dollar
Retirement, survivor, and disability checks. Around 70 million people get one every month.
Medicare
14.5¢ per dollar
Hospital and medical coverage for Americans 65 and older.
Interest on the national debt
13.5¢ per dollar
Not a program, just the interest bill on money already borrowed. This line passed defense in 2024.
Medicaid and public health
13¢ per dollar
Medicaid, CHIP, and ACA premium subsidies, plus NIH, CDC, and the rest of public health.
National defense
13¢ per dollar
Personnel, operations, ships, planes, and weapons research.
Safety net and income security
9¢ per dollar
SNAP, housing assistance, unemployment insurance, SSI, and federal employee retirement.
Veterans benefits
5¢ per dollar
VA health care, disability compensation, and the GI Bill.
Education and workforce
3¢ per dollar
Pell Grants, K-12 support, and job training. Smaller than most people expect, since schools run mostly on state and local money.
Transportation
2¢ per dollar
Highways, transit, air traffic control, Amtrak.
Justice and law enforcement
1.5¢ per dollar
Federal courts, the FBI, border enforcement, and federal prisons.
International affairs
1¢ per dollar
The State Department, embassies, and foreign assistance.
Science and space
1¢ per dollar
NASA, the National Science Foundation, and energy research.
Natural resources and environment
1¢ per dollar
National parks, forests, water projects, and the EPA.
Everything else
1¢ per dollar
Agriculture, commerce, federal buildings, and the rest of the long tail.

Sources: Monthly Treasury Statement and OMB Historical Tables, fiscal year 2025 outlays by budget function. Each share is rounded to the half cent so the receipt adds to 100, so treat every line as approximate.

FAQ

Common questions

Where do the spending percentages come from?

Fiscal year 2025 federal outlays, grouped by budget function, from the Monthly Treasury Statement and OMB's historical tables. We rounded each category to the half cent so the receipt balances to exactly 100 cents on the dollar, which means every line is a little approximate by design. The mix drifts year to year (interest has been climbing steadily since 2022), but the overall shape hasn't changed much in a decade.

Why does the receipt include Social Security and Medicare tax?

Because your paycheck doesn't separate them either. The total here is federal income tax plus the employee side of FICA: 6.2% Social Security up to the wage base, 1.45% Medicare, and the extra 0.9% at higher incomes. Strictly speaking, payroll taxes are earmarked for Social Security and Medicare rather than pooled with general revenue. We spread the combined total across all spending anyway, which is the same choice the White House made for its 2011 taxpayer receipt. The alternative is a receipt where two line items take up 40% of the paper.

How accurate is my receipt?

The brackets, standard deduction, and child tax credit are the real 2026 figures. But the tool assumes plain W-2 wages and skips state tax, 401(k) contributions, itemized deductions, and investment or side income, any of which can move the number. Treat it as a good sketch, not your return.

Why does it say I saved $0.00?

Because that's the default. Withholding happens automatically, April settles the difference, and the total never really changes unless someone changes it before December 31. Retirement contributions, an HSA, entity structure if you're self-employed, timing deductions. None of that appears on this receipt because none of it happens on its own.

What is the date on the 'worked for this until' line?

Your total federal bill as a share of income, mapped onto the calendar. At a 20% effective rate, everything you earned through mid-March covered the federal bill, and the rest of the year was yours. Economists quibble with this framing, and fair enough, but it makes an abstract percentage very concrete.

Is anything I type stored or sent anywhere?

No. The math runs in your browser, there's no server on the other end of it, and no email gate. The PNG is generated on your own machine.

About that $0.00

Want next year's receipt to look different?

The receipt shows the autopilot outcome. Most of the moves that change it have deadlines in December, not April. A thirty-minute call is usually enough to tell whether it's worth doing anything about yours.