Basic federal tax calculator

Free for Simple Tax Returns. Maximum Refund Guaranteed. Industry-Specific Deductions. Get Every Dollar You Deserve.

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.

You go to the site and input your filing status. You input your exemptions, income, payments, and credits. Once that is done, submit it, and the software will calculate an estimate of your federal tax return.

Use the following calculator to help determine your estimated tax liability along with your average and marginal tax rates. Think of this as your. Basic Canadian income tax calculator - See the total taxes payable for each province as well as marginal tax rates for capital gains, eligible and non-eligible Canadian dividends, and other income.

This tax calculator is solely an estimation tool and should only be used to estimate your tax liability or refund.

It should not be used for any other purpose, such as preparing a federal income tax return, or to estimate anything other than your own personal tax liability. How do you calculate federal income tax? How much is my federal tax? What is the best free tax calculator? There are seven tax brackets for most ordinary income: percent, percent, percent, percent, percent, percent and percent.

Prevent new tax liens from being imposed on you. Access IRS Tax Forms. Complete, Edit or Print Tax Forms Instantly. It is mainly intended for residents of the U. 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.

Federal calculations will now use the official federal tax brackets and deductions, and state calculations will use the most recent brackets available. Tax Calculator is now fully updated! It may vary from the taxes calculated directly using the tax brackets above.

Tax calculated using Qualified dividend and Capital gain tax worksheet is $. Your maximum tax bracket is. High incomes will pay an extra 3.

Net Investment Income Tax as part of the new healthcare law, and be subject to limited deductions and phased-out exemptions (not shown here), in addition to paying a new 39. The tax calculator can be used as a simple salary calculator by entering your Annual earnings, choosing a State and clicking calculate. This is great for comparing salaries, reviewing how much extra you will have after a pay rise or simply keeping a quick eye on your tax withholdings. Overview of Federal Taxes When your employer calculates your take-home pay, it will withhold money for federal income taxes and two federal programs: Social Security and. 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. If your tax situation is more complex, you may need to make adjustments for other factors as well. The more often you estimate your taxes, the better you can plan ahead and stay in control of your taxes. Another scenario that could create a refund is if you receive a refundable tax credit that is larger than the amount you owe. Life events, tax law changes, and many other factors change your taxes from year to year.

See where that hard-earned money goes - with Federal Income Tax , Social Security, and other deductions. More information about the calculations performed is available on the about page. Sometimes, you might need to predict how much you will owe in taxes before the end of a calendar year.