Tax Return Calculator 2019

Taxes are unavoidable and without planning, the annual tax liability can be very uncertain. Use the following calculator to help determine your estimated tax liability along with your average and marginal tax rates.

For “high-income” workers you may experience an increase in your 2018 federal taxes going forward due to a number of new provisions such as personal exemption phaseouts, limits to itemized deductions, 3.8% Medicare tax on investment income and the creation of a new tax bracket (39.6%).

2019 Tax tables integrated into the Tax Calculator. Note that the 2019 Tax Rates, Brackets & Exemption Amounts are currently ‘as forecast’ by Bloomberg. Forbes predicts lower Federal tax bills in 2018 based on Bloomberg\’s tax forecast.

The Tax Calculator is now set to use the 2018 tax tables by default. If you are looking to estimate your 2018 tax rebate please choose the advanced option and change the tax year.

Updates to the 2019 Tax Return Calculator

The following updates have been applied to the Tax calculator:

  • Selectable Tax year.
  • Tax calculations allow for Tax-Deferred Retirement Plan.
  • Tax calculations allow for Cafeteria or other Pre-Tax Plans.
  • Selectable Tax year.
  • Updated to include 2018 Federal tax rates.
  • Updated to apply Medicare and Social Security deductions as Pre-Federal Tax calculation Thank you Justin Duel.
  • Calculate Child Tax Credit Refunds.
  • Apply Local Tax rate deductions.
  • Apply for Earned Income Tax Credits (Currently works with Child Tax Credits only, further suggestions welcome).
  • Personal Exemptions Phaseout added.


The USA Tax Calculator has been designed to provide quick and useful information to users, in order to help them make decisions and plan for the future.  The Tax Calculator will give you the amount of taxes owing, the amount of disposable income you have after paying taxes, the highest marginal tax rate that you pay, based on your income, and the average tax rate that you pay on all of your taxable income.

The amounts stated in each column are the federal income tax.

Tax Calculator 2018The Tax Calculator also includes the ability to calculate the effects of a 401k contribution.  Contributions to 401k plans are tax deductible against taxable income.  This means that if you make a $5000 contribution into your 401k, that $5000 will be deducted from your income before taxes are calculated.  This can have many effects, many of which are calculated in the Tax Calculator.  When a 401k contribution is included in the Tax Calculator, all columns will recalculate automatically to include the effects of the contribution.  The tax savings column will indicate the tax benefit received from making a 401k contribution.  The taxes owing column will adjust to account for the tax savings.  The disposable income column will adjust to account for both the changes in the tax payable as well as the 401k contribution itself.  It is assumed that the funds deposited into the 401k are removed from the disposable income, as they are typically invested for the long term and saved to be used as income during retirement.  Since a contribution to your 401k will have the effect of reducing your taxable income, it is possible that your marginal tax rate may change if the amount contributed reduces your taxable income into a lower marginal tax bracket.  Your average tax rate will also be adjusted to account for the reduction in taxable income and the change in your taxes owing.

The Tax Return Calculator was designed to be easy to use and intuitive, as well as provide high-quality basic tax information for each income earner in the United States of America.  Use this calculator to get a basic understanding of what your income taxes will look like, as well as gain a basic understanding of the value of your 401k contribution.

The income tax system in America is tremendously complex, and there is no one calculator that can provide a complete understanding of how the federal tax system will affect you.  It is important to cultivate a good relationship with a tax professional in order to gain the advice you need to make the excellent financial decision.

A lot of thought went into what exactly makes a good tax calculator, and the Tax Return Calculator is the result.  We feel that it is important for people to gain the important information they need in an easy to understand format.  It is important to combine as much information as possible into each measure of output.  The USA Tax Calculator provides detailed output but in an efficient and intuitive manner.  This tax calculator gives the user the total basic income tax owing to the federal jurisdiction.  The goal was to provide high-value information from the simple input.  The user only needs to enter their taxable income, and the tax calculator will do the rest of the work for them.  By including only one more data point, the 401k contribution, all of the information will be recalculated to measure the effects of this action.

How to use the Tax Return Calculator

Enter your annual salary (or the one you would like) in the “Salary” box. Select your age range from the options provided.

New! Find out the benefit of that overtime! Enter the number of hours and the rate at which you will get paid. For example, for 5 hours a month at a time and a half, enter 5 @ 1.5. There are two options in case you have two different overtime rates. To keep the calculations simple, overtime rates are based on a normal week of 40 hours. The Fair Labor Standards Act requires that all non-exempt employees are paid overtime rates of at least one and a half times normal wage for any work over 40 hours per week. More information here.

Select from the drop-down box whether you are filing as a single person, a married couple filing jointly or separately, or as the head of household.

From the next drop-down box, choose how many dependents (not including yourself and your spouse) you will declare. Enter also the monthly $ value of any other deductions you want to be considered – for example, retirement plan contributions.

When you’re done, click on the “Go!” button, and the table on the right will display the information you requested. You’ll be able to see the gross salary, taxable amount, tax, social security and state income tax on annual, monthly, weekly and daily bases.

This is based on Income Tax and Social Security information for the tax year 2018.