Federal tax rate 2016 calculator

Free for Simple Tax Returns. Maximum Refund Guaranteed. Get a Jumpstart On Your Taxes!

Based on your projected tax withholding for the year, we can also estimate your tax refund or amount you may owe the IRS next April. The calculator will calculate tax on your taxable income only.

Does not include income credits or additional taxes. Other taxes applied as well. Personal income is taxed on a graduated scale. Our income tax calculator calculates your federal , state and local taxes based on several key inputs: your household income, location, filing status and number of personal exemptions. People with more complex tax situations should use the instructions in Publication 50 Tax Withholding and Estimated Tax.

This includes taxpayers who owe alternative minimum tax or certain other taxes, and people with long-term capital gains or qualified dividends. Prevent new tax liens from being imposed on you.

Access IRS Tax Forms. Complete, Edit or Print Tax Forms Instantly. Industry-Specific Deductions. Get Every Dollar You Deserve. File Taxes From Your Home.

This calculator helps you estimate your average tax rate , your tax bracket, and your marginal tax rate for the current tax year. Before starting, take a moment to print a copy of your latest Earnings Statement or Paycheck stub so you can easily enter the most accurate values into the calculator. Based on your annual taxable income and filing status, your tax bracket determines your federal tax rate. View federal tax rate schedules and get resources to learn more about how tax brackets work.

The top marginal income tax rate of 39. Knowing your income tax rate can help you calculate your tax liability for unexpected income, retirement planning or investment income. Each month, the IRS provides various prescribed rates for federal income tax purposes. These rates , known as Applicable Federal Rates (or AFRs), are regularly published as revenue rulings. Include your total income, filing status, deductions, and credits.

Income Tax Calculator.

It is mainly intended for residents of the U. Use the following calculator to help determine your estimated tax liability along with your average and marginal tax rates. Do you know your effective tax rate ? Federal income tax is calculated using a progressive tax structure, meaning that your effective tax rate is lower than your income tax bracket. As this calculator shows, even if taxable income puts you in a particular income tax bracket, overall you benefit from.

Something worth noting is that this free online IRS Interest Calculator is designed only for the use of individuals (both single and married) and not for the use of companies. Furthermore, the IRS interest rates which this calculator uses are updated at the end of each tax quarter. Think of this as your.