Tax Estimator
Estimate your tax liability with our comprehensive calculator. Calculate income tax, deductions, and credits for accurate tax planning.
Step 1: Income Details
Understanding Your Filing Status
Your filing status affects your standard deduction, tax brackets, and eligibility for certain credits. Choose the status that best matches your situation.
Step 2: Deductions & Credits
About Tax Deductions & Credits
Deductions reduce your taxable income, while credits directly reduce your tax liability. Common credits include Child Tax Credit, Earned Income Credit, and education credits.
Tax Estimate Results
Estimated Annual Tax Liability
Tax Bracket Comparison
| Tax Bracket | Rate | Income Range | Tax Owed |
|---|
Tax Breakdown
Tax Calculation Formula
Tax Liability = (Taxable Income × Tax Rate) – Tax Credits
Taxable income is calculated by subtracting deductions from gross income. The tax is calculated progressively across tax brackets, with each portion of income taxed at the corresponding rate.
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