Welcome to the Tax Form Calculator, the free online calculator for Federal Tax and State Tax Calculations. You can calculate and estimate your 2020/2021 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 2020/2021 State tax tables as default.

The Federal Tax Calculator below is updated for the 2020/21 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.

Yearly Tax Form Calculator [ Federal & State ] Tax Year 2013 2014 2015 2016 2017 2018 2019 2020 Filing Status: Single Married - Filing Jointly Married - Filing Seperately Head of Household Qualified Widower Tax State Alabama Alaska Arizona Arkansas California Colorado Connecticut Delaware Florida Georgia Hawaii Idaho Illinois Indiana Iowa Kansas Kentucky Louisiana Maine Maryland Massachusetts Michigan Minnesota Mississippi Missouri Montana Nebraska Nevada New Hampshire New Jersey New Mexico New York North Carolina North Dakota Ohio Oklahoma Oregon Pennsylvania Rhode Island South Carolina South Dakota Tennessee Texas Utah Vermont Virginia Washington West Virginia Wisconsin Wyoming Gross Income (F1040 L7-21) $ *** Please Enter your Yearly Gross income. Gross Expenses (F1040 L23-35) $ FICA Exempt Income $ Results for: Original Tax Form Results Salary and Tax Calculations Monthly Salary Calculations Federal and State Tax Balance (Withholdings Calculator) State Tax Calculation Federal Tax Calculation Federal & State Tax Calculation Federal Budget Allocation Calculation Social Security Benefits Calculation (F1040 L20a, L20b) Student Loan Interest subject to tax relief 401K Calculation Hourly Rate Snapshot Calculation View Calculation below Your Income in detail (F1040 L7-21) 7 Wages, salaries, tips, etc. $ 8a Taxable interest $ 8b Taxable interest $ 9a Ordinary dividends $ 10 Taxable refunds, credits, offsets etc. $ 11 Alimony received $ 12 Business income or loss $ 13 Capital gain or loss $ 14 Other gains or losses $ 15b IRA distributions (Taxable) $ 16b Pensions and annuities (Taxable) $ 17 Rental real estate, royalties etc. $ 18 Farm income or loss $ 19 Unemployment compensation $ 20a Social security benefits1 $ 21 Other income $ 22 Gross Income $ 1 Line 20a not included in Gross income, See Social Security Benefits calculation for calculation on line 20b as part of Taxable income Your Expenses in detail (F1040 L23-35) 23 Educator expenses $ 24 Certain business expenses of reservists etc $ 25 Health savings account deduction. $ 26 Moving expenses $ 27 Deductible part of self-employment tax $ 28 Self-employed SEP, SIMPLE etc. $ 29 Self-employed health insurance deduction $ 30 Penalty on early withdrawal of savings $ 311 Alimony paid b Recipient's SSN $ 32 IRA deduction $ 33 Student loan interest deduction $ 34 Tuition and fees $ 35 Domestic production activities deduction $ 36 Gross Expenses $ Your Tax Status & Family Please select all that apply I am between 50 and 65 years of age

I am 65 years of age or older

My spouse is 65 years of age or older

I am blind

My spouse is blind 0 1 2 3 4 5 6 7 8 Deaf, Blind or disabled1 0 1 2 3 4 5 6 7 8 Qualified Disabled Veterans 0 1 2 3 4 5 6 7 8 Number of your dependants1 0 1 2 3 4 5 6 7 8 Number of children for Tax Credit claim View Calculation below Deduction and Local Tax Options Add Local Tax? % Add Itemized Deductions? $ IRA and 401K Calculator $ Gross Yearly 401K Withholding $ Gross Yearly IRA Deductions Withholdings Calculator $ Gross Yearly Federal Withholding $ Gross Yearly State Withholding $ Gross Yearly Medicare Withholding $ Gross Yearly Social Security Withholding $ Gross Yearly Tax-Deferred Retirement Plan $ Gross Yearly Cafeteria or other pre-tax plan $ Gross Yearly Earned Income Tax Credit View Calculation below 1 Do not include yourself or your spouse.

Tips for using the Tax Form Calculator

Use the Advanced Tax Calculator to edit your refundable and non-refundable tax credits Ensure you click calculate after you make changes Use the drop down to select different tax calculation results, view specific tax worksheet examples and find tailored calculations to support your tax return calculations.

Quick Salary Calculation

Enter your Yearly income and expenses as required Select State for State Tax Calculation. Press Calculate to see your salary after tax and take home breakdown - Tax made Simple

Advanced Tax Calculator Guide

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.

Enter your Yearly income. Check the box - Advanced Federal Tax Calculator Enter specific Income and Expense amounts Choose Standard or Itimized Tax Return Calculation Confirm Number of Dependants Confirm Number of Children you claim Tax Credits for Enter Tax Withholdings for Tax Rebate Calculation Select other relevant tax factors (Age related tax allowances, head of household tax allowance, tax-deferred retirement plan, cafeteria etc) Click Calculate to see your tax, medicare and take home breakdown - Federal Tax made Simple

How to estimate your tax return

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)

Yearly Tax Calculator

You may prefer to use the State Tax calculator which is updated to include the State tax tables and rates for 2020-2021 tax year.

2020/2021 Tax Refund Calculator

Calculate your total tax due using the tax calculator (updated to include the 2020/2021 tax brackets). Deduct the amount of tax paid from the tax calculation to provide an illustration of your 2020/2021 tax refund.

Tax Illustrations

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.

Updates to the 2020/2021 Tax Calculator

The following updates have been applied to the Tax calculator:

Selectable Tax year.

Tax calculations allow for Tax-Deferred Retirement Plan.

Tax calculations allow for Cafeteria or other Pre-Tax Plans.

Specify total income or select advanced for detailed income breakdown, ideal for pensioners and those receiving Social Security Benefits who want to calculate Form 1040 lines 20a and 20b

Specify total expenses or select advanced for detailed expenses breakdown, ideal for pensioners and those receiving Social Security Benefits who want to calculate Form 1040 lines 20a and 20b

Selectable Tax year.

Updated to include 2020/2021 Federal tax rates.

Updated to apply Medicare and Social Security deductions as Pre-Federal Tax calculation Thank you Justin Duel .

. Calculate Child Tax Credit Refunds.

Apply Local Tax rate deductions.

Apply Earned Income Tax Credits (Currently works with Child Tax Credits only, further suggestions welcome).

Personal Exemptions Phaseout added.

Note: Deaf, Blind or Disabled and Qualified Disabled Veterans are currently active for Michigan only.

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.