Tax Planning
Tax Liability Calculator
Calculate your total tax liability across all tax types — income, self-employment, capital gains, and more.
Income Sources
Wages / Salary
$
Employment income, bonuses, tips, commissions
Self-Employment Income
$
Freelance, contractor, business income (subject to self-employment tax)
Investment / Capital Gains
$
Capital gains from stocks, bonds, real estate, dividends
Other Income
$
Rental income, alimony, pensions, annuities
Deductions & Credits
Total Deductions
$
Standard deduction + itemized deductions
Tax Credits
$
Child tax credit, education credits, energy credits, etc.
Tax Rates
Federal Tax Rate
%
Effective federal income tax rate
State / Local Tax Rate
%
State income tax rate (0% in tax-free states)
Self-Employment Tax Rate
%
Social Security + Medicare for self-employed (US: 15.3%)
Tax
0%
Total Tax Liability
$0
total taxes owed
Total Gross Income
$0
Taxable Income
$0
Effective Tax Rate
0%
Self-Employment Tax
$0
📊 Detailed Breakdown
| Category | Amount | % of Total |
|---|
How the formula works
Taxable Income = (Wages + Self-Employment + Investment + Other) − Deductions | Tax Liability = (Taxable Income × Federal Rate) + (Taxable Income × State Rate) + (Self-Employment × SE Rate) − Credits
- Total Gross Income = Wages + Self-Employment + Investment + Other Income
- Taxable Income = Total Gross Income − Total Deductions
- Federal Tax = Taxable Income × Federal Tax Rate
- State Tax = Taxable Income × State Tax Rate
- Self-Employment Tax = Self-Employment Income × Self-Employment Tax Rate
- Total Tax Liability = Federal Tax + State Tax + Self-Employment Tax − Tax Credits
- Effective Tax Rate = (Total Tax Liability ÷ Total Gross Income) × 100