The Advanced Income Tax Calculator for 2024-2025 is designed to help individuals estimate their federal and state tax liabilities. By entering important financial details like income, deductions, and tax withholdings, users can estimate their taxable income. They can also see their federal and state tax obligations, as well as any potential refund or balance due. This calculator considers different types of income, deductions, and credits. It is a useful tool for planning. It is important to remember that the results are estimates. Users should consult a tax professional for personalised advice.

Advanced Tax Calculator 2024-2025

Estimate your federal and state taxes accurately for the years 2024 and 2025.

Tax Calculator

Filing Status: Single Married Filing Jointly Head of Household No. of Young Dependents (Age 0-16): No. of Other Dependents (Age 17 or older):

Income

Wages, Tips, Other Compensation (W-2 box 1): Federal Income Tax Withheld (W-2 box 2): State Income Tax Withheld (W-2 box 17): Local Income Tax Withheld (W-2 box 19): Has Business or Self-Employment Income? No Yes Interest Income (1099-INT): Ordinary Dividends (1099-DIV): Qualified Dividends (1099-DIV): Passive Income (e.g., rentals, royalties): Short-term Capital Gain: Long-term Capital Gain: Other Income (e.g., unemployment, retirement):

Deductions & Credits

IRA Contributions: Real Estate Tax: Mortgage Interest: Charitable Donations: Student Loan Interest (Max $2,500/Person): Child & Dependent Care Expense (Max $3,000/Person, $6,000 total): College Education Expense: Other Deductibles: Calculate Tax Reset

Results

Total Income: $0.00

Total Deductions: $0.00

Taxable Income: $0.00

Federal Tax: $0.00

State Tax: $0.00

Total Tax: $0.00

Tax Pre-payments: $0.00

Estimated Refund: $0.00

Advertisements

Read this related Article - Complete Guide to IRS Form 1040: Everything You Need to Know for Tax Filing in 2025

Disclaimer on Tax Calculator

The information provided by this Income Tax Calculator is for general informational and educational purposes only. We work hard to provide accurate and current calculations based on tax laws for 2024-2025. However, we cannot guarantee that the results are always accurate or complete. Tax laws and regulations are complex and subject to change. The estimates provided should not be considered as financial or tax advice. You should talk to a certified tax professional or financial advisor. They can help you understand how this information affects your taxes.

The results from this calculator are estimates. They may not show the exact tax you owe or the refund you will get. Additional factors such as state-specific tax laws, deductions, credits, or other income may impact your final tax outcome. The calculator does not cover every situation. Some types of income or deductions may not be included in these calculations.

By using this calculator, you agree that the results are for general information only. You are responsible for checking and using the information as you see fit.

Check Your Taxes with IRS: Tax Withholding Estimator

Thank you for reading this post, don't forget to subscribe!