Income Tax Calculator

Filing Status: Single Married (Joint) Head of Household Total Income ($): Total Deductions ($):

Credits & Other:

Extra Deductions & Expenses

The Income Tax Calculator helps estimate your federal tax refund or amount owed based on income, deductions, credits, and filing status.

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It includes wage inputs, dividends, capital gains, business and rental incomes. Deductions cover IRA contributions, mortgage interest, charitable donations, education expenses, and more.

Tax credits such as the Earned Income Credit, Child Tax Credit, and education-related credits directly reduce taxes owed.

The calculator also accounts for withholdings reported on tax forms and supports deduction optimization by comparing standard and itemized deductions.

Awareness of tax brackets, Alternative Minimum Tax (AMT), and phase-outs for credits is crucial to accurate tax planning.

By using this tool, individuals can better prepare for tax season, align with IRS regulations, and identify opportunities for tax savings.