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
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