- Federal Income Tax Rates:
- Filing status
- Choose your filing status. The ‘Filing Status’ table summarizes the five possible filing status choices. Your filing status determines the income levels for your Federal tax bracket. It is also important for calculating your standard deduction. Your marital status as of the last day of the year determines your filing status.
|Married Filing Jointly ||If you are married, you are able to file a joint return with your spouse. If your spouse died during the tax year and you did not remarry, you are still able to file a joint return for that year. You may also choose to file separately under the status "Married Filing Separately". |
|Qualified Widow(er) || Generally, you qualify for this status if your spouse died during the previous tax year (not the current tax year) and you and your spouse filed a joint tax return in the year immediately prior to their death. You are also required to have at least one dependent child or stepchild for whom you are the primary provider. |
|Single || Use this filing status if you don't qualify for any other filing status. Generally, If you are divorced, legally separated or unmarried as of the last day of the year (and you are not using another filing status) you should use this status. |
|Head of Household || This is the status for unmarried individuals (or individuals considered unmarried) that pay for more than half of the cost to keep up a home for qualifying individuals who live with the taxpayer for more than one-half of the year. (The taxpayer's dependent parent does not have to live with the taxpayer but can still qualify provided you pay over half of the cost of keeping up the parent's home.). This home needs to be the main home for the income tax filer and at least one qualifying relative. You can also choose this status if you are married, but didn't live with your spouse at anytime during the last six months of the year. You also need to provide more than half of the cost to keep up your home and have at least one dependent child living with you. |
|Married Filing Separately || If you are married, you have the choice to file separate returns. The filing status for this option is "Married Filing Separately". |
- Dependent status
- A dependent is someone you support and for whom you can claim a dependency exemption. In this case, you need to select the dependent status for you and your spouse.
- Wages, salaries, tips, etc.
- Total income you received from wages, salaries and tips. The this calculator does not support other types of income. If you have income from other sources you may need to use the 1040 Tax Form.
- Unemployment compensation
- If you collected any unemployment compensation, it is considered taxable income. Enter the total amount received here.
- Taxable interest
- If you received any interest that is subject to income taxes, enter the total amount received here.
- Standard deduction
- Your standard deduction is used to reduce your taxable income if you do not use Schedule A to itemize your deductions, or if your Schedule A itemized deduction is less than your standard deduction. Your standard deduction is based on your filing status. The standard deductions are: **STANDARDDEDUCTION_2022_DEFINITION**
- Taxable income
- This is your total taxable income. It is calculated as your total income minus your standard deduction and your deduction for exemptions.
- Earned income credit
- If you qualify for earned income credit, the tool will automatically calculate the amount. Please note that this calculator doesn't take into consideration the impact of scholarships, penal income and retirement income on your Earned Income Credit (EIC).
- Federal income tax withheld
- Enter the total of all federal income tax that you expect to have withheld from your pay throughout the year. The tool uses this amount to calculate your total refund or amount you may owe.
- Are you (or spouse if married) at least age 25 but under age 65?
- Check this box if you or your spouse will be at least age 25 and less than 65 years old at the end of the tax year. This rule only applies to people without any children. Your response is not used if you have 1 or more qualified children.
- Can you (or spouse if married) be claimed as a qualifying child of someone else?
- You cannot be a qualifying child of another person and receive Earned Income Credit. If you meet the requirements to be a qualifying child of your parents based on the EIC rules, you are unable to claim any EIC for yourself. This is the case even if your parent or parents do not qualify for EIC and whether or not you have any qualifying children of your own.
- Have you (and spouse if married) lived in the U.S. for at least six months?
- Check this box if you (and your spouse if married) lived in the United States for more than six months of the year. You must have lived in the U.S. for at least six months and one day during the current year. This only applies if you do not have any qualified children. For military personnel, you are able to include any time spent on extended deployment as living in the U.S.