Tax Estimator Calculator

Tax Estimator Calculator — Calculate Your Tax Liability

Estimate your tax liability, deductions, and potential refunds for the current tax year. Calculate federal and state taxes based on your income, filing status, and deductions.

Step 1: Income & Filing Status

Filing Status

Annual Gross Income ($)

Additional Income ($)

State of Residence

Understanding Filing Status

Your filing status affects your tax brackets, standard deduction, and eligibility for certain credits. Choose the status that best matches your situation.

Step 2: Deductions & Credits

Deduction Type

Retirement Contributions ($)

Number of Dependents

Education credits

Child tax credit

Show tax bracket comparison

Show tax breakdown chart

About Tax Deductions

Deductions reduce your taxable income. The standard deduction is a fixed amount based on filing status. Itemized deductions include mortgage interest, medical expenses, and charitable donations.

Tax Estimation Results

Summary

Tax Brackets

Breakdown

Estimated Tax Liability

$9,450

For married filing jointly with $80,000 income

Taxable Income

$67,400

Effective Tax Rate

11.8%

Marginal Tax Rate

22%

Filing Status

Married Jointly

2024 Federal Tax Brackets

Tax Rate	Single Filers	Married Filing Jointly	Head of Household

Tax Breakdown by Category

Tax Calculation Formula

Tax Liability = (Income × Tax Rate) – Credits – Deductions

Tax is calculated progressively across brackets. Each portion of income is taxed at the corresponding rate for your filing status. Credits directly reduce your tax liability.

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