1040 Tax Calculator

Enter your filing status, income, deductions and credits and we will estimate your total taxes. Based on your projected tax withholding for the year, we can also estimate your tax refund or amount you may owe the IRS next April.

Freedman Financial
41 Cross Street, 2nd Floor
Peabody, MA

Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.

1040 Tax Estimator: (Tax1040.html) has been updated for new rates and schedules for 2020. This includes changes to the definitions, and the calculation modules. It is possible that additional changes to the tax rates and rules will take place before the end of 2020.

This calculator has been updated to include 2020 rules, regulations and content. Updated for the 2019 SECURE Act signed into law on December 20th, 2019. ADA Compliant Calculators: WCAG 2.1 Level AA and Section 508. This calculator includes the 2017 Tax Cuts and Jobs Act. Use the ‘Filing Status and Income Tax Rates Table’ to assist you in estimating your federal tax rate.

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