®

Online Calculator Resource

Income Tax Calculator

US Federal Income Tax Calculator
$
Answer:
Estimated Income Tax:
 $12,728
Tax Bracket:
 25.0%
Tax as a percentage
of your taxable income:
 14.97%

Share this Calculator & Page

Calculator Use

Estimate your US federal income tax for 2017, 2016, 2015, 2014, 2013, 2012 or 2011 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.

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

Tax Year
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.

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 2017 Form 1040-ES for specific information about estimated tax for the self-employed.

References

IRS Tax Tables and Tax Rate Schedules and Forms.



 

Cite this content, page or calculator as:

Furey, Edward "Income Tax Calculator"; from https://www.calculatorsoup.com - Online Calculator Resource.

Follow CalculatorSoup: