Tax Calculator: 2022-2023 Refund and Tax Estimator

Tax Calculator

This calculator was inspired by the Online Tax Calculator provided by Nerdwallet. This calculator estimates what you will owe in federal taxes for the tax year 2022 using your income, deductions, and credits in just a few steps. One addition I have made is to include the payments you will be making within each bracket along with your estimated totals. Note: This is just an estimate and in no way should be used to determine owed taxes.





Estimated Tax
Income:
$0.00
Taxable Income:
$0.00
Effective Tax Rate:
0%
Estimated Federal Taxes:
$0.00
Federal Taxes Witheld:
$0.00

Estimate Taxes Owed:

$0.00

Bracket Tax Rate Minimum Maximum Amount Paid
1 10.00% $0.00 $10,275.99 $0.00
2 12.00% $10,276.00 $41,775.99 $0.00
3 22.00% $41,776.00 $89,075.99 $0.00
4 24.00% $89,076.00 $170,050.99 $0.00
5 32.00% $170,051.00 $215,950.99 $0.00
6 35.00% $215,951.00 $539,900.99 $0.00
7 37.00% $539,901.00 $539,901.01 $0.00
# Tax Rate Taxable Income Bracket Tax Owed
1 10% $0 to $10,275 10% of taxable income.
2 12% $10,276 to $41,775. $1,027.50 plus 12% of the amount over $10,275.
3 22% $41,776 to $89,075. $4,807.50 plus 22% of the amount over $41,775.
4 24% $89,076 to $170,050. $15,213.50 plus 24% of the amount over $89,075.
5 32% $170,051 to $215,950. $34,647.50 plus 32% of the amount over $170,050.
6 35% $215,951 to $539,900. $49,335.50 plus 35% of the amount over $215,950.
7 37% $539,901 or more. $162,718 plus 37% of the amount over $539,900.
How to Use This Tax Estimator
1. Filing Status: Choose from the four filing statuses available (single, head of household, married filing separately, or married filing jointly). Your filing status helps to determine which deductions and credits you can claim.
2. Income: In this field, enter your total household income before taxes. Include your wages, tips, and income from interest, dividends, retirement distributions, unemployment compensation and Social Security benefits.
3. Income: In this field, enter your total household income before taxes. Include your wages, tips, and income from interest, dividends, retirement distributions, unemployment compensation and Social Security benefits.
4. Age: Your age can have an effect on certain tax rules or deductions. For example, people over the age of 65 get a higher standard deduction. In this field, enter the age you were on Jan. 1, 2023.
5. Dependents: Enter your number of dependents. Dependents can make you eligible for a variety of tax breaks, such as the child tax credit, head of household filing status and other deductions or credits.
6. 401(k): Contributions to a 401(k) may reduce your taxable income.
7. Traditional IRA: Contributions to a traditional IRA may reduce your taxable income.*
8. Payments or Withheld: Most Americans claim the standard deduction, which we’ve pre-filled here. If you’re not one of them, change that number to the sum of your itemized deductions. (But exclude the 401(k) and traditional IRA contributions you entered on the previous screen.) Also, enter any taxes you’ve already paid or had withheld.
# Tax Rate Taxable Income Bracket Tax Owed
1 10% $0 to $20,550. 10% of taxable income.
2 12% $20,551 to $83,550. $2,055 plus 12% of the amount over $20,550.
3 22% $83,551 to $178,150. $9,615 plus 22% of the amount over $83,550.
4 24% $178,151 to $340,100. $30,427 plus 24% of the amount over $178,150.
5 32% $340,101 to $431,900. $69,295 plus 32% of the amount over $340,100.
6 35% $431,901 to $647,850. $98,671 plus 35% of the amount over $431,900.
7 37% $647,851 or more. $174,253.50 plus 37% of the amount over $647,850.
How to Use This Tax Estimator
1. Filing Status: Choose from the four filing statuses available (single, head of household, married filing separately, or married filing jointly). Your filing status helps to determine which deductions and credits you can claim.
2. Income: In this field, enter your total household income before taxes. Include your wages, tips, and income from interest, dividends, retirement distributions, unemployment compensation and Social Security benefits.
3. Income: In this field, enter your total household income before taxes. Include your wages, tips, and income from interest, dividends, retirement distributions, unemployment compensation and Social Security benefits.
4. Age: Your age can have an effect on certain tax rules or deductions. For example, people over the age of 65 get a higher standard deduction. In this field, enter the age you were on Jan. 1, 2023.
5. Dependents: Enter your number of dependents. Dependents can make you eligible for a variety of tax breaks, such as the child tax credit, head of household filing status and other deductions or credits.
6. 401(k): Contributions to a 401(k) may reduce your taxable income.
7. Traditional IRA: Contributions to a traditional IRA may reduce your taxable income.*
8. Payments or Withheld: Most Americans claim the standard deduction, which we’ve pre-filled here. If you’re not one of them, change that number to the sum of your itemized deductions. (But exclude the 401(k) and traditional IRA contributions you entered on the previous screen.) Also, enter any taxes you’ve already paid or had withheld.
# Tax Rate Taxable Income Bracket Tax Owed
1 10% $0 to $10,275. 10% of taxable income.
2 12% $10,276 to $41,775. $1,027.50 plus 12% of the amount over $10,275.
3 22% $41,776 to $89,075. $4,807.50 plus 22% of the amount over $41,775.
4 24% $89,076 to $170,050. $15,213.50 plus 24% of the amount over $89,075.
5 32% $170,051 to $215,950. $34,647.50 plus 32% of the amount over $170,050.
6 35% $215,951 to $323,925. $49,335.50 plus 35% of the amount over $215,950.
7 37% $323,926 or more. $87,126.75 plus 37% of the amount over $323,925.
How to Use This Tax Estimator
1. Filing Status: Choose from the four filing statuses available (single, head of household, married filing separately, or married filing jointly). Your filing status helps to determine which deductions and credits you can claim.
2. Income: In this field, enter your total household income before taxes. Include your wages, tips, and income from interest, dividends, retirement distributions, unemployment compensation and Social Security benefits.
3. Income: In this field, enter your total household income before taxes. Include your wages, tips, and income from interest, dividends, retirement distributions, unemployment compensation and Social Security benefits.
4. Age: Your age can have an effect on certain tax rules or deductions. For example, people over the age of 65 get a higher standard deduction. In this field, enter the age you were on Jan. 1, 2023.
5. Dependents: Enter your number of dependents. Dependents can make you eligible for a variety of tax breaks, such as the child tax credit, head of household filing status and other deductions or credits.
6. 401(k): Contributions to a 401(k) may reduce your taxable income.
7. Traditional IRA: Contributions to a traditional IRA may reduce your taxable income.*
8. Payments or Withheld: Most Americans claim the standard deduction, which we’ve pre-filled here. If you’re not one of them, change that number to the sum of your itemized deductions. (But exclude the 401(k) and traditional IRA contributions you entered on the previous screen.) Also, enter any taxes you’ve already paid or had withheld.
# Tax Rate Taxable Income Bracket Tax Owed
1 10% $0 to $14,650. 10% of taxable income.
2 12% $14,651 to $55,900. $1,465 plus 12% of the amount over $14,650.
3 22% $55,901 to $89,050. $6,415 plus 22% of the amount over $55,900.
4 24% $89,051 to $170,050. $13,708 plus 24% of the amount over $89,050.
5 32% $170,051 to $215,950. $33,148 plus 32% of the amount over $170,050.
6 35% $215,951 to $539,900. $47,836 plus 35% of the amount over $215,950.
7 37% $539,901 or more. $161,218.50 plus 37% of the amount over $539,900.
How to Use This Tax Estimator
1. Filing Status: Choose from the four filing statuses available (single, head of household, married filing separately, or married filing jointly). Your filing status helps to determine which deductions and credits you can claim.
2. Income: In this field, enter your total household income before taxes. Include your wages, tips, and income from interest, dividends, retirement distributions, unemployment compensation and Social Security benefits.
3. Income: In this field, enter your total household income before taxes. Include your wages, tips, and income from interest, dividends, retirement distributions, unemployment compensation and Social Security benefits.
4. Age: Your age can have an effect on certain tax rules or deductions. For example, people over the age of 65 get a higher standard deduction. In this field, enter the age you were on Jan. 1, 2023.
5. Dependents: Enter your number of dependents. Dependents can make you eligible for a variety of tax breaks, such as the child tax credit, head of household filing status and other deductions or credits.
6. 401(k): Contributions to a 401(k) may reduce your taxable income.
7. Traditional IRA: Contributions to a traditional IRA may reduce your taxable income.*
8. Payments or Withheld: Most Americans claim the standard deduction, which we’ve pre-filled here. If you’re not one of them, change that number to the sum of your itemized deductions. (But exclude the 401(k) and traditional IRA contributions you entered on the previous screen.) Also, enter any taxes you’ve already paid or had withheld.

# Tax Rate Taxable Income Bracket Tax Owed
1 10% $0 to $10,275 10% of taxable income.
2 12% $10,276 to $41,775. $1,027.50 plus 12% of the amount over $10,275.
3 22% $41,776 to $89,075. $4,807.50 plus 22% of the amount over $41,775.
4 24% $89,076 to $170,050. $15,213.50 plus 24% of the amount over $89,075.
5 32% $170,051 to $215,950. $34,647.50 plus 32% of the amount over $170,050.
6 35% $215,951 to $539,900. $49,335.50 plus 35% of the amount over $215,950.
7 37% $539,901 or more. $162,718 plus 37% of the amount over $539,900.

# Tax Rate Taxable Income Bracket Tax Owed
1 10% $0 to $20,550. 10% of taxable income.
2 12% $20,551 to $83,550. $2,055 plus 12% of the amount over $20,550.
3 22% $83,551 to $178,150. $9,615 plus 22% of the amount over $83,550.
4 24% $178,151 to $340,100. $30,427 plus 24% of the amount over $178,150.
5 32% $340,101 to $431,900. $69,295 plus 32% of the amount over $340,100.
6 35% $431,901 to $647,850. $98,671 plus 35% of the amount over $431,900.
7 37% $647,851 or more. $174,253.50 plus 37% of the amount over $647,850.

# Tax Rate Taxable Income Bracket Tax Owed
1 10% $0 to $10,275. 10% of taxable income.
2 12% $10,276 to $41,775. $1,027.50 plus 12% of the amount over $10,275.
3 22% $41,776 to $89,075. $4,807.50 plus 22% of the amount over $41,775.
4 24% $89,076 to $170,050. $15,213.50 plus 24% of the amount over $89,075.
5 32% $170,051 to $215,950. $34,647.50 plus 32% of the amount over $170,050.
6 35% $215,951 to $323,925. $49,335.50 plus 35% of the amount over $215,950.
7 37% $323,926 or more. $87,126.75 plus 37% of the amount over $323,925.

# Tax Rate Taxable Income Bracket Tax Owed
1 10% $0 to $14,650. 10% of taxable income.
2 12% $14,651 to $55,900. $1,465 plus 12% of the amount over $14,650.
3 22% $55,901 to $89,050. $6,415 plus 22% of the amount over $55,900.
4 24% $89,051 to $170,050. $13,708 plus 24% of the amount over $89,050.
5 32% $170,051 to $215,950. $33,148 plus 32% of the amount over $170,050.
6 35% $215,951 to $539,900. $47,836 plus 35% of the amount over $215,950.
7 37% $539,901 or more. $161,218.50 plus 37% of the amount over $539,900.