Income Tax Calculator

Tax Amount Owe: $1


Total Income$54,305
Total Deductions$6,350
Total Exemptions$4,050
Taxable Income$43,905
Regular Taxes$0
Alternative Minimum Tax$1
Net Investment Income Tax$0
All Tax Credits$0
Total Tax with Credits$1
Marginal Tax Rate25%
Tax Pre-payments$0
Tax Amount Owe$1


* The results above are estimation only. They should be close to the real results. The calculation is based on many assumptions. The tax law is very complex. No online quick calculator can provide accurate results for all situations. We try our best to balance the accuracy and simplicity.

File Status
No. of Young Dependents Age 0-16
No. of Other Dependents Age 17 or older
Tax Year  

Income
Person 1 (Husband) Earned Income
Salary Income (W-2 box 1)
Income Tax Withheld (W-2 box 2)
State Tax of Salary (W-2 box 17)
Local Tax of Salary (W-2 box 19)
Has Business or Self Employment Income?  
Business Income  
Estimated Tax Paid  
Medicare Wages (W-2 box 5, use 0 if no W-2)

Person 2 (Wife) Earned Income
Salary Income (W-2 box 1)
Income Tax Withheld (W-2 box 2)
State Tax of Salary (W-2 box 17)
Local Tax of Salary (W-2 box 19)
Has Business or Self Employment Income?  
Business Income  
Estimated Tax Paid  
Medicare Wages (W-2 box 5, use 0 if no W-2)

Other Family Incomes
Interest Income  
Ordinary Dividends  
Qualified Dividends  
Rental & Passive Income  
Short Term Capital Gain  
Long Term Capital Gain  
Other Income  
State+Local Tax Rate  

Deductions
IRA Savings  
Sales & Real Estate Tax  
Mortgage Interest  
Charitable Donations  
Student Loan Interest Max $2,500/Person
Child Care Expense Max $3,000/Person, $6,000 total, age 13 or younger
College Education Expense Student 1
  Student 2
  Student 3
  Student 4
Other Deductable