Tam
Well-Known Member
Sorry. I see the site calculator is obsolete with the year 2016! It's just an illustration to understand the principle of how different credits can affect the rich and the poor. You then can apply the details for each different scenario (and the year).Where are you getting the $53,215 from? You would have to make significantly more than that to have a $7,500 Fed tax liability. And that assumes no 401k/IRA contributions or any other deductions besides the standard deduction.
Tax Calculator - Estimate Your Tax Refund | Bankrate.com
The 1040 income tax calculator helps to determine the amount of income tax due or owed to the IRS. You can also estimate your tax refund if applicable.
www.bankrate.com
You are correct! Here's the newer site for 2021 with the threshold of $65,968:
Federal Income Tax Calculator (2023-2024)
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.
smartasset.com
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