Simple Tax Calculator (1040EZ)
Estimate your federal income tax for simple tax situations with wages and interest income only.
Enter values to see results
Fill in the form and click Calculate
About This Calculator
This simple tax calculator is inspired by the discontinued Form 1040EZ. It helps you estimate your federal income tax for straightforward tax situations involving only wages and interest income.
2024 Federal Tax Brackets
Single Filers:
- 10% on income up to $11,600
- 12% on income $11,601 to $47,150
- 22% on income $47,151 to $100,525
- 24% on income $100,526 to $191,950
Married Filing Jointly:
- 10% on income up to $23,200
- 12% on income $23,201 to $94,300
- 22% on income $94,301 to $201,050
- 24% on income $201,051 to $383,900
Frequently Asked Questions
What happened to Form 1040EZ?
The IRS discontinued Form 1040EZ after the 2017 tax year. It was replaced by a redesigned Form 1040 that is simpler than the old version. This calculator provides a similar simple tax estimation for straightforward tax situations.
Who can use this simple tax calculator?
This calculator is best for taxpayers with simple situations: wages/salary income, taxable interest under $1,500, single or married filing jointly status, and no dependents or itemized deductions. For more complex situations, consult a tax professional.
What is the standard deduction for 2024?
For 2024, the standard deduction is $14,600 for single filers and $29,200 for married filing jointly. These amounts are automatically applied in this calculator.
How accurate is this tax calculator?
This calculator provides an estimate based on federal tax brackets and standard deductions. It does not account for tax credits, itemized deductions, state taxes, or other factors that may affect your actual tax liability. Use it for planning purposes only.