Federal Income Tax Use this calculator to estimate your income tax liability along with average and marginal tax rates. You are viewing this website at a small screen resolution which doesn't support calculators. Click here to view this calculator. Have A Question About This Topic? Name Email Address Message Thank you! Oops! Related Content When Life Insurance Becomes Taxable Life insurance proceeds are generally tax-free. But not in all cases. Extended Care: A Patchwork of Possibilities What is your plan for health care during retirement? Why Do Renters Have to Save More? How much more would retirement cost if you owned your home rather than rented? It could actually be several times less.