See current federal tax brackets and rates based on your income and filing status.
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Calculate your federal, state and local taxes for the current filing year with our free income tax calculator. Enter your income and location to estimate your tax burden.
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Key Takeaways ; New income thresholds are in effect for 2023 and 2024 tax brackets. ; Your effective tax rate is the total amount of tax you pay divided by your taxable income. ; Deductions lower your taxable income, while credits decrease your taxes dollar for dollar.
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Learn more about the Federal Unemployment Tax Act (FUTA).
Get information about a federal tax lien, including how to get rid of a lien, how a lien affects you and how to avoid a lien.
Plug-in electric vehicles and fuel cell vehicles placed in service in 2023 or later may be eligible for a federal income tax credit of up to $7,500.