U.S. Easy Tax Estimator
Financial Calculators from
Dinkytown.net
Filing status and income: |
Earned income credit (EIC): | Total EIC: $0.00 |
Your taxes are estimated at $4,019.00. |
Definitions
Federal Income Tax Rates:
Use the ‘Filing Status and Federal Income Tax Rates on Taxable Income’ table to assist you in estimating your Federal tax rate.
Filing status
Choose your filing status. The ‘Filing Status’ table summarizes the five possible filing status choices. Your filing status determines the income levels for your Federal tax bracket. It is also important for calculating your standard deduction. Your marital status as of the last day of the year determines your filing status.
Dependent status
A dependent is someone you support and for whom you can claim a dependency exemption. In this case, you need to select the dependent status for you and your spouse.
Wages, salaries, tips, etc.
Total income you received from wages, salaries and tips. This calculator does not support other types of income. If you have income from other sources you may need to use the 1040 Tax Form.
Unemployment compensation
If you collected any unemployment compensation, it is considered taxable income. Enter the total amount received here.
Taxable interest
If you received any interest that is subject to income taxes, enter the total amount received here.
Standard deduction
Your standard deduction is used to reduce your taxable income if you do not use Schedule A to itemize your deductions, or if your Schedule A itemized deduction is less than your standard deduction. Your standard deduction is based on your filing status. The standard deductions are:
Your standard deduction is increased if you or your spouse are blind or over age 65.
Taxable income
This is your total taxable income. It is calculated as your total income minus your standard deduction and your deduction for exemptions.
Earned income credit
If you qualify for earned income credit, the tool will automatically calculate the amount. Please note that this calculator doesn't take into consideration the impact of scholarships, penal income and retirement income on your Earned Income Credit (EIC).
Federal income tax withheld
Enter the total of all federal income tax that you expect to have withheld from your pay throughout the year. The tool uses this amount to calculate your total refund or amount you may owe.
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.