Federal Tax Calculator

Wages, salaries, tips, etc.

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.

Spouse wages, salaries, tips, etc.

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.

Business income

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.

Spouse’s business income

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.

Other income

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

Social Security benefits received

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.

Taxable income adjustments for Social Security, student loan interest & student tuition

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

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.

Taxable income

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

Tax

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

Federal income tax withheld on Forms W-2 and 1099

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.

Additional child tax credit (Form 8812)

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)

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.

Number of qualifying children

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.

Earned income

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.

Scholarships, penal & retirement 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.

Non-taxable combat pay

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.

Are you (or spouse if married) at least age 25 but under age 65?

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.

Can you (or spouse if married) be claimed as a qualifying child of someone else?

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.

Have you (and spouse if married) lived in the U.S. for at least six months?

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.

Total credits

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

Total tax after credits

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

Total other taxes

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

Total tax

Grand total of your 2022 federal tax bill.

Total payments

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.