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.
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.
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)
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.
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.