Income Tax Calculator
Estimate your federal and state income tax liability for the current year
How Income Tax Calculation Works
Our income tax calculator estimates your tax liability based on current federal and state tax brackets. Here's how it works:
1. Determine Taxable Income
We subtract your standard deduction from your gross income to calculate your taxable income.
2. Apply Tax Brackets
Your taxable income is divided into portions that are taxed at different rates according to current tax brackets.
3. Calculate Total Tax
We sum the tax from each bracket and apply any tax credits to determine your total tax liability.
4. Determine Refund or Amount Due
We compare your tax liability to your withholdings to calculate whether you'll receive a refund or owe additional tax.
Note: This calculator provides estimates only. For exact figures, consult a tax professional or use official tax software.
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