Federal Tax Calculator NerdWallet Calculates How Much You Owe or Get Back
You may be curious about your taxes, but you are not ready to delve into them completely. To give you an idea of how much you owe or how big your refund will be , enter your details into the NerdWallet Federal Tax Calculator.
The calculator is free to use – you don’t need to register for anything, and it gives you a general idea of what you can expect, what you owe, or what you get back. You enter your income, the amount you can deduct if you contributed to a 401 (k) plan or traditional IRA, then add the withholding and the tool uses your effective tax rate to calculate your federal taxes.
It uses a standard deduction , so if you break it down by element, you have to figure it out and insert the indicated amount into the instrument. But if you’re looking for a general idea of how much you will pay or owe in April, this is a simple and handy calculator. Try it yourself using the link below.
Federal Tax Calculator | NerdWallet