Your Income Tax | Calculate

: Contributions made with after-tax dollars.

Start by adding up every dollar you earned throughout the year. This is your "raw" income before any reductions. calculate your income tax

You must decide between taking a fixed "standard" deduction or listing specific "itemized" expenses. Choose whichever is higher to lower your taxable income the most. Filing Status Deduction Amount Single / Married Filing Separately Married Filing Jointly Head of Household : Contributions made with after-tax dollars

: Interest from bank accounts, dividends from stocks, and capital gains from selling assets. dividends from stocks

: Up to $2,500 in interest paid on qualified loans.

: Wages, salaries, tips, and bonuses from your job.