Federal Tax Calculator

Get a handle on your taxes with our user-friendly tax estimator tool. With just a few simple inputs, including your filing status, income, deductions, and credits, our tool will give you an estimate of your total taxes owed. Plus, with our projected tax withholding feature, you can also determine whether you can expect a refund or if you may owe the IRS come tax season. Get peace of mind by taking control of your finances with our tax estimator tool today.

Use the ‘Filing Status and Federal Income Tax Rates on Taxable Income’ table to assist you in estimating your federal tax rate.

Enter the number of dependent individuals that qualify for the “Other Dependent Credit”. In 2022, you may be eligible for a nonrefundable credit of up to $500 per qualifying dependent. Generally, to qualify the dependent can’t have already been claimed as a qualifying child, they must have lived with you for more than half of the year, not provide more than half of their own support and must be claimed as a dependent on your tax return. The income phaseout for this credit follows the same rules and limits as the child tax credit.

Enter your total of all wages, salaries, tips, etc. For this entry only enter the amount for the primary taxpayer, do not include your spouse. This is normally the amount shown on your W-2 form(s) in box 1 provided by your employer. You should also include any wages received as a household employee not reported on a W-2 (a W-2 may not have been provided if the amount was less than $2,000). It should also include any tips not reported to your employer – including allocated tips that appear on your W-2 form(s) box 8.

Enter your spouse’s total of all wages, salaries, tips, etc. For this entry, only enter the amount for your spouse. This is normally the amount shown on your spouse’s W-2 form(s) in box 1 provided by your spouse’s employer. You should also include any wages received as a household employee not reported on a W-2 (a W-2 may not have been provided if the amount was less than $2,000). It should also include any tips not reported to your spouse’s employer – including allocated tips that appear on your spouse’s W-2 form(s) box 8.

Any income or loss as reported on Schedule C. If you have any income reported on Schedule E that is subject to self-employment taxes (such as from some Partnerships), that income should be entered here as well.

Any income or loss as reported on a spouse’s Schedule C. If your spouse has any income reported on a Schedule E that is subject to self-employment taxes (such as from some Partnerships), that income should be entered here as well.

Any other income you received during the year. This includes income reported to you on 1099-MISC that was already reported elsewhere.

This is the total of all Social Security and equivalent Railroad Retirement benefits you and your spouse (if you are married filing jointly) received in 2022. These benefits are reported to you on forms SSA-1099 for Social Security and RRB-1099 for Railroad Retirement benefits.

This is for a group of income items and benefits normally excluded from your taxable income but included when calculating any of the following: 1) The amount of Social Security benefits that are taxable, 2) Phaseout of student loan interest deduction and 3) Phase out of tuition and fees deduction. This amount is the total of the following:

1. Employer-provided adoption benefits excluded from your income (form 8839)
2. Foreign earned income or housing that was excluded from your income (form 2555)
3. Any exclusion of income for Bona Fide Residents of American Samoa (form 4563) or Puerto Rico.

*If you are married and filed separately and lived apart from your spouse for the entire year, you may be able to use the single income thresholds. You may need to contact a tax professional to determine if you qualify.

Adjusted gross income (AGI) is calculated by subtracting all deductions from lines 23 through 33 from your total income. AGI is used to calculate many of the qualifying amounts if you itemized your deductions.

Your total taxable income is your AGI minus your itemized or standard deduction.

This is the total federal income tax you owe for 2022 before any tax credits.

Total of all Federal income taxes withheld for the year. This would typically be reported to you on form W-2 for employment wages and form 1099 for other income.

If you qualify for the child tax credit you may be eligible for an additional refundable credit. This additional credit is considered refundable because it is ‘refunded’ or paid to you even if you don’t have enough income taxes to offset the credit (it will result in a total income tax bill for the year that is negative). In 2022, the refundable credit is limited to $1500 per child.

Earned Income Credit (EIC) is a tax credit available to low income earners. In some cases the EIC can be greater than the total income taxes owed for the year. This provides an income tax refund to families that may have little or no income tax withheld from their paychecks. This calculator will determine if you qualify for the Earned Income Credit, and if so, how much.

Enter the number of children in your family that qualify for the Earned Income Credit (EIC). The IRS has a set of three requirements that must be met to have a child considered qualified.

1. Your relationship to the child must be:
   • Son, daughter, stepchild, eligible foster child, or a descendant (for example, your grandchild) of any of them, or
   • Brother, sister, half brother, half sister, stepbrother, stepsister, or a descendant of any of them (for example, your niece or nephew).
2. Age of your child must be:
   • Under age 19 at the end of 2022
   • A full-time student under age 24 at the end of 2022, or
   • Permanently and totally disabled at any time during 2022, regardless of age.
   • Be younger than the person claiming the child
   • Not have filed a joint return other than to claim a refund
3. Your child must have lived with you in the United States for more than half of 2022.

This is any income from wages, salaries, tips or any other earned income that is taxable. Do not include any non-taxable benefits in this total. Also include any earnings from farms, farm partnerships or businesses that did not require payment of self-employment taxes. Do not include any scholarships, penal income, annuity or pension income.

If you received income from any of these sources, it does not qualify for the Earned Income Credit. Your eligible Earned Income is reduced by this amount.

If you received any non-taxable combat pay, the IRS allows you choose whether to figure your EIC with or without this pay included. This calculator will automatically choose the option that produces the highest EIC.

Check this box if you or your spouse will be at least age 25 and less than 65 years old at the end of the tax year. This rule only applies to people without any children. Your response is not used if you have 1 or more qualified children.

You cannot be a qualifying child of another person and receive Earned Income Credit. If you meet the requirements to be a qualifying child of your parents based on the EIC rules, you are unable to claim any EIC for yourself. This is the case even if your parent or parents do not qualify for EIC and whether or not you have any qualifying children of your own.

Check this box if you (and your spouse if married) lived in the United States for more than six months of the year. You must have lived in the U.S. for at least six months and one day during the current year. This only applies if you do not have any qualified children. For military personnel, you are able to include any time spent on extended deployment as living in the U.S.

Your total tax credits. This amount is subtracted from the total tax amount.

This is the total federal income tax you will need to pay in 2022.

Any other taxes that you owe for 2022. This includes self-employment tax, alternative minimum tax, and household employment taxes.

Grand total of your 2022 federal tax bill.

Total of all tax payments made in 2022. This includes tax withheld from Forms W-2 and 1099, and estimated taxes paid, earned income credit and excess Social Security tax withheld.