Finally, you've arrived at your taxable income. This is the amount you apply to the tax brackets to calculate your federal ...

For example, the income you receive from freelance work is generally taxed as self-employment ... your tax return. Even though the flat backup withholding rate is 28%, your actual tax liability ...

Enter household income you received, such as wages, unemployment, interest and dividends. Choose the filing status you use when you file your tax return Input the total of your itemized deductions ...

The income limits for each tax bracket are increasing slightly in 2025. Calculate your taxable ... $1,435.50 In this example, the total tax liability for an individual with $55,000 in taxable ...