Easy tax calculator 2015

Free for Simple Tax Returns. Maximum Refund Guaranteed. Increase Your Tax Savings. Tell us about yourself. Deductions and Credits.

How will you be filing your tax return? Married Filing Jointly. Do you have a Valid SSN? Estimate your tax refund or simply practice your taxes with our free tax calculator.

Just enter some basic information about yourself—and it’s fine to guesstimate. This tax calculator is solely an estimation tool and should only be used to estimate your tax liability or refund. It should not be used for any other purpose, such as preparing.

For example, if you calculate that you have tax liability of $ 0(based on your taxable income and your tax bracket) and you are eligible for a tax credit of $ 2that would reduce your liability to $ 800. Tax credits directly reduce the amount of tax you owe, dollar for dollar. You would only owe $ 800. A tax credit valued at $00 for instance, lowers your tax bill by $000. Tax deductions , on the other han reduce how much of your income is subject to taxes.

The Tax Cuts and Jobs Act modified the deduction for state and local income, sales and property taxes. If you itemize deductions on Schedule A, your total deduction for state and local income, sales and property taxes is limited to a combine total deduction of $10($0if married filing separately). Access IRS Tax Forms.

Complete, Edit or Print Tax Forms Instantly. The information you enter is automatically saved so if you have any changes, you can easily make them in seconds to see how they affect your federal tax refund. Step 2: If you want to calculate income tax amount then you have to type given formula in. Step 3: After calculating the income tax amount. The next portion of your income is taxed at the next tax bracket of percent.

That continues for each tax bracket up to the top of your taxable income. Find yours with our helpful tax bracket calculator.

Most income is taxable, whether you earn it or are paid as a return on your investment. This calculator provides an estimate of the Self-Employment tax (Social Security and Medicare), and does not include income tax on the profits that your business made and any other income. For a more robust calculation, please use QuickBooks Self-Employed.

These types of capital gains are taxed at , and respectively (unless your ordinary income tax bracket is a lower rate). Also, check the sales tax rates in different states of the U. The result will be your annual tax liability rate. The calculator above determines ANNUAL tax liability.