Yearly Federal Tax Calculator 2015/16, easy to use online Tax calculator with Personal allowance, Federal Tax, Medicare, Social Security and Yearly Income Tax deductions
New [10th October 2015]: 2016 Tax tables integrated into the Tax Calculator. Note that the 2016 Tax Rates, Brackets & Exemption Amounts are currently 'as forecast' by Bloomberg. Forbes predict lower Federal tax bills in 2016 based on Bloomberg\’s tax forecast.
The Tax Calculator is now set to use the 2016 tax tables by default. If you are looking to estimate your 2015 tax rebate please choose the advanced option and change the tax year.
How to use the tax calculator
How to use the advanced tax calculator
New: How to save your tax returns for future use
New!!! You can now register and save your setting in our new members area. The Tax Application is free to use and will include features and updates as requested by you. These include itemized returns, self-employment tax returns and more. Register now, confirm your email and access the best free tax calculation app in seconds. Membership also allows you access to the new finance, business and tax apps as they are released. As a member you can provide feedback and help shape and refine the apps to meet your personal / business needs. Help us in our drive to make tax returns free for all.
The Federal Tax calculator is updated to include the latest Federal tax rates for 2015-16 tax year as published by the IRS.
The State Tax calculator is updated to include the latest State tax rates for 2014-15 tax year and will be update to the 2015-16 State Tax Tables once fully published as published by the various States.
Calculate your total tax due using the tax calculator (update to include the 2015 tax brackets). Deduct the amount of tax paid from the tax calculation to provide an illustration of your 2015 tax refund.
Looking for a quick snapshot tax illustration and example of how to calculate your tax return? Go to our Salary Tax Illustrations and select an annual salary assessment for an instant tax illustration with tax breakdown and Medicare example.
The following updates have been applied to the Tax calculator:
Note: Deaf, Blind or Disabled and Qualified Disabled Veterans are currently active for Michigan only. If you would like these activated for your state, please leave a message on our tax forums, ideally you should also confirm the allowance amount for your State as well.
This federal tax calculator is as good as the feedback, your support, requests and bug catches help to improve the accuracy of the tax calculator for all.
This tax calculator aims to balance ease of use with transparency of tax calculation but is provided for illustration only. Remember that you should always seek professional advice and audit your tax return