The Simple Income Tax Estimator provides a template spreadsheet that sets forth an easy six-step method for calculating an individual's estimated federal income tax. Please note that the estimator provides a general estimate only and is solely based on general and limited assumptions. The individual should enter a filing status, income, number of dependents, and deductions. The spreadsheet will then automatically calculate an estimated taxable income and an estimated tax amount owed.
Get Unlimited Access to Our Complete Business Library