Mark E. Gunnison, CPA | Neil K. Johannes, LTP

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Understand Your Federal Tax Calculation

Over the years I have noticed that many people don't fully understand how Federal income tax brackets work. This web page will prepare a simple report to explain your 2011 Federal income tax liability. The report will not take into account AMT, Self-Employment taxes, Credits or many other items that may cause the report to differ from your actual income tax liability. It is normal for the report to show a total tax liability that is off from your actual tax by ten dollars or so, this is due to rounding of the IRS tables.


Filing statusSingle
Married
Adjusted Gross Income (AGI)  
Taxable Income  
Total Credits  


Last modified 11/23/11



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