Tax Liability Calculator
Calculate your tax liability based on income, deductions, filing status, and credits. Understand how different factors affect your tax obligations and potential refunds.
Step 1: Income & Filing Details
Understanding Tax Liability
Your tax liability is the total amount of tax you owe to the government. It’s calculated based on your taxable income after deductions and credits, using progressive tax brackets.
Step 2: Deductions & Credits
About Deductions & Credits
Deductions reduce your taxable income, while tax credits directly reduce your tax liability. Standard deduction is a fixed amount, while itemized deductions include specific expenses like mortgage interest and charitable donations.
Tax Liability Results
Estimated Total Tax Liability
UK Tax Brackets 2024-2025
| Tax Band | Taxable Income | Tax Rate | Tax in this Band | Cumulative Tax |
|---|
Tax Liability Breakdown
Tax Calculation Formula
Tax Liability = (Income × Tax Rate) – Deductions – Credits
The UK uses a progressive tax system with different rates for different income bands. Your personal allowance reduces your taxable income, and tax is calculated separately for each band.
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