2024 2024 Tax Formula. The income tax calculator estimates the refund or potential owed amount on a federal tax return. You can use our federal tax brackets calculator to determine how much tax you will pay for the current tax year, or to determine how much tax you have paid in previous tax.
You can use our federal tax brackets calculator to determine how much tax you will pay for the current tax year, or to determine how much tax you have paid in previous tax. You pay tax as a percentage of your income in layers called tax brackets.