Estimate your federal refund or taxes due using our free income tax calculator. Enter your income, age and filing status to get started.

Dec 11, 2025 · The seven federal income tax rates are 10%, 12%, 22%, 24%, 32%, 35%, and 37%. Tax brackets divide portions of your income into different windows based on filing status.

Capital gains taxes are owed on profits made from the sale of assets. How much you pay depends on what you sold, how long you owned it before selling, your taxable income and your filing status.

You won’t pay income tax on those contributions. The contributions can reduce your adjusted gross income. If you have an employer match, that money won't be taxed either.

Employers have to withhold taxes — including FICA taxes — from employee paychecks because taxes are a pay-as-you-go arrangement in the United States. When you earn money, the IRS wants its cut ...

Dec 22, 2025 · The tax rates and brackets below apply to taxable income earned in 2025, which is reported on tax returns that are due April 15, 2026.

While Florida does not tax personal income, it’s important to note that the state does place a levy on corporate profits.

For reference, the standard deduction for tax year 2025 ranges from $15,750 to $31,500, depending on your filing status. If your standard deduction ends up being less than your itemized deductions ...

Qualified dividends are taxed at 0%, 15% or 20% depending on taxable income and filing status. Nonqualified dividends are taxed as income at rates up to 37%.

Colorado is one of 14 states with a flat income tax. Its approach is different from how the federal government and most other states collect taxes.