Federal Tax Estimator
2015 - 2016
Now that it's getting closer to that ever dreaded time of tax season and tax preparation, it's also time to figure out what your obligation may be with the Internal Revenue Service (IRS).
By using our online federal tax estimator, you can get a good idea of what the outcome will be this year financially with Uncle Sam.
Our free federal tax estimator below calculates simple income tax situations for all three tax entities, Federal Income Tax, Medicare, and Social Security taxes
Use the TurboTax or H&R Block tax calculators to estimate your tax return liability with more detail including deductions.
With the federal tax estimator tools below you can get a good idea of your current tax bill, but reaching further into the tax law kettle may reveal some rather beneficial tax deductions and credits that may lower your tax bill substantially and keep more dollars in your pocket.
Tax season is a time of year that begs the question, why is our tax system and code so screwed up. Well, the answer is actually quite simple, GREED!
Unfortunately our government is driven by special interest money and perks that keep our congress and senate on the take to beef up their parties finances. This in turn amounts to tax breaks for special interest and big corporations, while the mom and pop operations get to pay the full tilt of taxes.
The top tax rate for U.S. corporations is 35 percent, so how is it possible that a giant of American business, General Electric, paid nothing in federal taxes for 2010, even as it made billions in profit? Well, special interest loopholes would be the answer.
So now that it's getting close to the time for you to file your federal tax return, it's important to look at all deductions when you use a federal tax estimator to insure your not paying more taxes than GE. Well that might be difficult due to GREED!
Top Federal Tax Estimator Tools and Software
At any rate, once you've estimated your taxes your can file a federal tax extension or use a quality tax software like TurboTax and the nationally visible H&R Block, that will all but guarantee that you get every tax break possible to lower your federal tax bill.
Try one of the calculators above today to estimate your federal taxes...