Income Tax Calculator

The Income Tax Calculator estimates the refund or potential owed amount on a federal tax return. It is mainly intended for residents of the U.S. and is based on the tax brackets of 2024 and 2025. The 2025 tax values can be used for 1040-ES estimation, planning ahead, or comparison.

Modify the values and click the calculate button to use

Filing Information

File Status

No. of Young Dependents (Age 0-16)

No. of Other Dependents (Age 17 or older)

Tax Year

2024 (return filed in 2025)

2025 (return filed in 2026)

Income

Wages, Tips, Other Compensation (W-2 box 1)

Federal Income Tax Withheld (W-2 box 2)

State Income Tax Withheld (W-2 box 17)

Local Income Tax Withheld (W-2 box 19)

Has business or self-employment income?

Yes

Interest Income (1099-INT)

Ordinary Dividends

Qualified Dividends (1099-DIV)

Passive Incomes (e.g., rentals, real estate, royalties)

Short-term Capital Gain

Long-term Capital Gain

Other Income (e.g., unemployment, retirement pay)

State+Local Tax Rate (%)

Deductions & Credits

IRA Contributions

Real Estate Tax

Mortgage Interest

Charitable Donations

Student Loan Interest

Child & Dependent Care Expense

College Education Expense – Student 1

College Education Expense – Student 2

College Education Expense – Student 3

College Education Expense – Student 4

Other Deductibles

Result:

Tax Amount Owe for 2024: $0

Total Income $0

Total Deductions $0

Total Exemptions $0

Taxable Income $0

Regular Taxes $0

Alternative Minimum Tax $0

Net Investment Income Tax $0

All Tax Credits $0

Total Tax with Credits $0

Marginal Tax Rate 0%

Tax Pre-payments $0

Income Tax Calculator

The Income Tax Calculator is a powerful tool designed to help U.S. taxpayers estimate their federal tax liability or potential refund for the 2024 and 2025 tax years. Whether you're planning ahead, comparing scenarios, or preparing for tax season, this calculator provides a clear breakdown of your tax obligations based on the latest IRS tax brackets and deduction rules.

Key Features:

✔ Accurate Estimates – Calculates taxes based on current IRS tax brackets for 2024 and 2025.
✔ Multiple Filing Statuses – Supports Single, Married Filing Jointly, Married Filing Separately, Head of Household, and Qualified Widow(er) statuses.
✔ Comprehensive Income Inputs – Includes wages, interest, dividends, capital gains, business income, and more.
✔ Deductions & Credits – Accounts for IRA contributions, mortgage interest, student loan interest, child tax credits, and other deductions.
✔ Detailed Results – Displays taxable income, marginal tax rate, total tax owed (or refund), and a full breakdown of calculations.

Who Should Use It?

Individuals planning their finances for the upcoming tax year.
Families estimating child tax credits and dependent deductions.
Investors calculating capital gains and dividend taxes.
Self-employed or gig workers projecting their tax liability.

Simply enter your financial details, click "Calculate Tax", and get an instant estimate of what you’ll owe or expect as a refund.