Calculate Your Income Tax -

You must decide between taking a fixed "standard" deduction or listing specific "itemized" expenses. Choose whichever is higher to lower your taxable income the most. Filing Status Deduction Amount Single / Married Filing Separately Married Filing Jointly Head of Household

: Unreimbursed costs exceeding 7.5% of your AGI. Charitable Gifts : Donations to qualified non-profits. Step 4: Calculate Your Tax Liability 2026 Tax Brackets and Federal Income Tax Rates calculate your income tax

: Wages, salaries, tips, and bonuses from your job. You must decide between taking a fixed "standard"

: Contributions made with after-tax dollars. calculate your income tax

: Up to $2,500 in interest paid on qualified loans.