Tax Form Calculator

Welcome to the Tax Form Calculator, the free online calculator for Federal Tax and State Tax Calculations. You can calculate and estimate your 2023/24 tax return simply by entering your annual salary. If you wish to calculate your tax return for a previous tax year, select historic tax years from the dropdown menu. The tax calculator uses 2023 State tax tables as default.

The Federal Tax Calculator below is updated for the 2023/24 tax year and is designed for online calculations including income tax with Personal allowance (refundable &non-refundable tax credits), Federal Tax, State Tax, Medicare, Social Security and Yearly Income Tax deductions, we also have State Tax calculators available for each state.. The Tax calculator is free to use, our only request is that you provide feedback if you spot an error and share on your favourite social media platform to help other make use of this tool.

Yearly Tax Form Calculator [ Federal &State ]

Tax Year	20132014201520162017201820192020202120222023
Filing Status:	SingleMarried - Filing JointlyMarried - Filing SeperatelyHead of HouseholdQualified Widower
Tax State	AlabamaAlaskaArizonaArkansasCaliforniaColoradoConnecticutDelawareFloridaGeorgiaHawaiiIdahoIllinoisIndianaIowaKansasKentuckyLouisianaMaineMarylandMassachusettsMichiganMinnesotaMississippiMissouriMontanaNebraskaNevadaNew HampshireNew JerseyNew MexicoNew YorkNorth CarolinaNorth DakotaOhioOklahomaOregonPennsylvaniaRhode IslandSouth CarolinaSouth DakotaTennesseeTexasUtahVermontVirginiaWashingtonWest VirginiaWisconsinWyoming
Gross Income (F1040 L7-21)	$
*** Please Enter your Yearly Gross income.
Gross Expenses (F1040 L23-35)	$
Add Itemized Deductions?	$
FICA Exempt Income	$
Choose Type of Calculation:
Original Tax Form ResultsSalary and Tax CalculationsMonthly Salary CalculationsFederal and State Tax Balance (Withholdings Calculator)State Tax CalculationFederal Tax CalculationFederal &State Tax CalculationFederal Budget Allocation CalculationSocial Security Benefits Calculation (F1040 L20a, L20b)Student Loan Interest subject to tax relief401K CalculationHourly Rate Snapshot Calculation
View Calculation below

Your Income in detail (F1040 L7-21)

Wages, salaries, tips, etc.	$
Taxable interest	$
Tax Exempt interest	$
Ordinary dividends	$
Taxable refunds, credits, offsets etc.	$
Alimony received	$
Business income or loss	$
Capital gain or loss	$
Other gains or losses	$
IRA distributions (Taxable)	$
Pensions and annuities (Taxable)	$
Rental real estate, royalties etc.	$
Farm income or loss	$
Unemployment compensation	$
Social security benefits1	$
Other income	$
Gross Income	$
1 Line 20a not included in Gross income, See Social Security Benefits calculation for calculation on line 20b as part of Taxable income

Your Expenses in detail (F1040 L23-35)

Educator expenses	$
Certain business expenses of reservists etc	$
Health savings account deduction.	$
Moving expenses	$
Deductible part of self-employment tax	$
Self-employed SEP, SIMPLE etc.	$
Self-employed health insurance deduction	$
Penalty on early withdrawal of savings	$
Alimony paid b Recipient's SSN	$
IRA deduction	$
Student loan interest deduction	$
Tuition and fees	$
Domestic production activities deduction	$
Gross Expenses	$

Your Tax Status &Family

Please select all that apply
I am between 50 and 65 years of age I am 65 years of age or older My spouse is 65 years of age or older I am blind My spouse is blind
012345678	Deaf, Blind or disabled1
012345678	Qualified Disabled Veterans
012345678	Number of your dependants1
012345678	Number of children for Tax Credit claim
	View Calculation below

State Local Tax Options

Add Local Tax? %

IRA and 401K Calculator

$	Gross Yearly 401K Withholding
$	Gross Yearly IRA Deductions

Withholdings Calculator

$	Gross Yearly Federal Withholding
$	Gross Yearly State Withholding
$	Gross Yearly Medicare Withholding
$	Gross Yearly Social Security Withholding
$	Gross Yearly Tax-Deferred Retirement Plan
$	Gross Yearly Cafeteria or other pre-tax plan
$	Gross Yearly Earned Income Tax Credit
	View Calculation below

¹ Do not include yourself or your spouse.

Tips for using the Tax Form Calculator

1. Use the Advanced Tax Calculator to edit your refundable and non-refundable tax credits
2. Ensure you click calculate after you make changes
3. Use the drop down to select different tax calculation results, view specific tax worksheet examples and find tailored calculations to support your tax return calculations.

Quick Salary Calculation

1. Enter your Yearly income and expenses as required
2. Select State for State Tax Calculation.
3. Press Calculate to see your salary after tax and take home breakdown - Tax made Simple

Advanced Tax Calculator Guide

The advanced features of the Tax Form Calculator provide more control of expense deductions and tax credits, allowing you to produce an estimation of your annual tax return so you can manage your tax withholdings.

1. Enter your Yearly income.
2. Check the box - Advanced Federal Tax Calculator
3. Enter specific Income and Expense amounts
4. Choose Standard or Itimized Tax Return Calculation
5. Confirm Number of Dependants
6. Confirm Number of Children you claim Tax Credits for
7. Enter Tax Withholdings for Tax Rebate Calculation
8. Select other relevant tax factors (Age related tax allowances, head of household tax allowance, tax-deferred retirement plan, cafeteria etc)
9. Click Calculate to see your tax, medicare and take home breakdown - Federal Tax made Simple

How to estimate your tax return

You can quickly estimate your tax return by following the steps in the Simplified Tax Return Calculation below, alternatively use the advanced features for more specific tax calculations (instructions available below the calculator)

Yearly Tax Calculator

You may prefer to use the State Tax calculator which is updated to include the State tax tables and rates for 2023/24 tax year.

2023/24 Tax Refund Calculator

Calculate your total tax due using the tax calculator (updated to include the 2023/24 tax brackets). Deduct the amount of tax paid from the tax calculation to provide an illustration of your 2023/24 tax refund.

Tax Illustrations

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.

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

Did you know we also provide individual Federal tax forms online which automatically calculate your tax deductions? We also provide individual state tax forms for specific states (inc. California and New York), we continue to add tax forms weekly and aim to provide an auto-calculating tax calculator for each tax form in each State.