Federal Income Tax
Estimate income tax under current federal tax law from taxable earnings.
About Federal Income Tax
A simplified income-tax estimate under current federal tax law. This uses the tax rate you enter as a reference.
Formula
Tax
Tax = taxable income × rate
Worked example
With the default values below, Federal Income Tax returns Estimated Tax of $16,000.00. Change any input above and every figure here is recalculated in your browser.
Inputs used
- Taxable incomeminimum 0
- 80,000
- Assumed tax rateaccepts 0–60
- 20
Results
- Estimated Tax
- $16,000.00
- After Tax
- $64,000.00
- Effective Rate
- 20.0%
- Rate Applied
- 20.00%
Step by step
- 1Values used
- 2Tax
- 3Estimated Tax= 16,000.00
- 4After Tax= 64,000.00
- 5Effective Rate= 20.0
- 6Rate Applied= 20.00
Assumptions and limits
- The result is derived only from the 2 inputs listed above. Anything not among them is not part of the calculation.
- In particular, this calculator does not take inflation, fees or charges or compounding frequency into account.
- Figures are rounded for display to 2 decimal places, so totals built from several rounded parts can differ slightly from the unrounded arithmetic.
- Approximate estimate — not tax advice.
- This is an estimate for general information and not professional financial, tax or legal advice. See the full disclaimer for the limits that apply to this kind of calculator.
How these calculators are built and tested is described on the Methodology page. If a figure looks wrong, please report it.
Approximate estimate — not tax advice.
Frequently Asked Questions
Is this a real tax return?
No — a rough planning estimate. File-year brackets and deductions differ.
How accurate is this estimate?
Rates are approximate reference values. Local rates, exemptions and rules can differ, so treat the output as a planning figure only.