Federal Income Tax Calculator
Federal income taxes are a percentage of all taxable income (wages, interest earned, capital gains, etc.) that must be paid to the federal government by businesses and individuals. If you work for an employer, a percentage of each paycheck is withheld to account for this throughout the year. At tax time, you’ll determine whether you owe more or have over-paid and get a refund. This calculator will help you determine how much is being withheld as a percentage and monthly dollar amount.
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