How to Calculate IRS Taxes
- 1). Choose an online calculator. Personal Finance Analyst, www.personalfinanceanalyst.com, offers a list of calculators that you can use.
- 2). Choose your filing status on the calculator. You can choose from single, married filing together, married filing separately, head of household, or widowed.
- 3). Put your income into the calculator. You can find this on your W2 or on your last pay stub.
- 4). Fill in any other blanks that your chosen calculator requires. Some will tell you your expected tax debt with only your filing status and your income. Others are more specific and will ask for the number of your dependents and whether you've had any unemployment compensation.
- 5). Choose "Calculate" or "Submit" to see your federal income tax.
