Online Calculators

Income Tax Calculator

US Federal Income Tax Calculator
Estimated Income Tax:
Tax Bracket:
Tax as a percentage
of your taxable income:
Net Income
after Tax is paid:

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Calculator Use

Estimate your US federal income tax for 2020, 2019, 2018, 2017, 2016, 2015 or 2014 using IRS formulas. The calculator will calculate tax on your taxable income only. Does not include income credits or additional taxes. Does not include self-employment tax for the self-employed.

Also calculated is your net income, the amount you have left over after taxes or paid. This does not account for any other taxes you may have.

Based on the tax bracket you enter the calculator will also estimate tax as a percentage of your taxable income.

Calculator Variables and Results

Tax Year

Choose the year that you want to calculate your US Federal Tax

Filing Status

Choose one of the following: Single, Married Filing Jointly, Married Filing Separately, or Head of Household

Taxable Income

The income amount that will be taxed

Estimated Tax

The estimated tax you will pay

Tax Bracket

The tax bracket you fall into based on your filing status and level of taxable income

Tax as a percentage of your taxable income

Since taxes are calculated in tiers, the actual tax you pay as a percentage of your taxable income will always be less than your tax bracket.

Net Income after Tax is paid

This is the amount you have left over after you pay your Federal taxes. [Net Income = Taxable Income - Estimated Tax] This does not account for state and local taxes.

Estimating Federal Income Tax

The calculator results provided here are an estimate based on taxable income only. The IRS uses many factors to calculate the actual tax you may owe in any given year. Note that if you are self-employed this calculator does not include estimated self-employment tax. Please consult IRS.gov Form 1040-ES for specific information about estimated tax for the self-employed.


IRS Tax Tables and Tax Rate Schedules and Forms.


Cite this content, page or calculator as:

Furey, Edward "Income Tax Calculator" at https://www.calculatorsoup.com/calculators/financial/tax-federal-est.php from CalculatorSoup, https://www.calculatorsoup.com - Online Calculators

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