Income Tax Calculator

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

Age 0-16

Age 17 or older

Income

$

(W-2 box 1)

$

(W-2 box 2)

$

(W-2 box 17)

$

(W-2 box 19)

$

1099-INT

$
$

1099-DIV

$

e.g. rentals and real estate, royalties

$
$
$

e.g. unemployment pay(1099-G), retirement pay (1099-R)

%

Deductions & Credits

$
$
$
$
$

Max $2,500/Person

$

Max $3,000/Person, $6,000 total, up to age 13

$
$

Income Tax Calculator — Description & Usage

What Is This Tool?

The Income Tax Calculator helps individuals and businesses estimate the income tax liability based on their annual income, exemptions, deductions, and applicable tax slabs. It allows users to plan finances efficiently and ensure tax compliance.

  • Calculate accurate income tax based on current tax slabs.
  • Plan investments and deductions for tax savings.
  • Avoid last-minute tax planning and penalties.

Why Use the Income Tax Calculator?

Financial Planning

Estimate tax liability in advance to manage finances and investments efficiently.

Tax Compliance

Ensure accurate calculation of taxes to avoid fines and penalties.

How to Use This Tool (Step-by-Step)

  • Enter your annual income — total taxable income from all sources.
  • Add deductions/exemptions — include eligible deductions under relevant sections.
  • Select applicable tax slab — choose the regime if applicable (e.g., old/new tax regime).
  • Click Calculate — the tool will compute your income tax liability.
  • Review results — use it to plan investments, tax savings, and payments effectively.

Pro Tips for Best Results

  • Keep updated with current tax slabs and exemptions for accurate calculations.
  • Include all eligible deductions like 80C, 80D, etc., for maximum tax savings.
  • Review calculations annually to plan for changes in income or tax laws.
  • Use alongside investment calculators to align financial and tax planning.

Use the Income Tax Calculator to plan your finances efficiently and stay compliant with tax laws!

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