Federal Income Tax Caculation
This calculator is to find out Your federal income tax for income within USA. It's a very simplistic calculator. It's only meant for people who are married, filing jointly and have a combined income between $150K - $300K. So, tax filing status only shows returns which are "married filing jointly". Calculator doesn't show Social security tax, medicare tax or state income taxes. It also doesn't show any child credit that you receive for kids. For most simplistic returns, only wages/salries row needs to be filled, since there are no other income sources. Enter the correct number of dependents, and leave all other entries at default of 0. Click on "calculate" to see the results.