2006 Income Tax RatesHow Much Do You Owe?
Due to inflation, tax law changes, and a host of other factors, income tax rates change from year to year.
This page:
• Shows a simplified way to estimate your total taxes
• Explains how can make the calculation more accurately
• Links to the IRS's complete tax tables
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So, how much will you pay?
Income tax rates are lower for 2006, but of course, that is of small comfort to many. Really.
If you've done a good job withholding your federal income tax from your paychecks every month, than you probably already know how much you'll end up giving Uncle Sam.
For everyone else, and for those with large deductions/credits/etc., the included tables are designed to help you gauge just how much you owe the Irs.
Click here to see tax rates for single filers.
Click here to see tax rates for head-of-household filers.
Click here to see tax rates for married filers filing separately.
Click here to see tax rates for joint married filers.
Click here to see tax rates for qualifying widows(ers).
Of course, to figure our exactly how much you owe (or how much the IRS owes you!) you need to prepare your return, so as that you know that you are working with the correct taxable income figure.
Work on your tax return online, using TurboTax , and all the calculations will be performed for you, mistake-free. You will also have the peace of mind of knowing that all credits and deductions are accounted for, and if you are owed a refund, you'll get it 2-3 weeks faster. Start working on your return for free now.
Related IRS publicationsTo get exact income tax rates for your income level, download the Irs Tax Tables.
Note: you will need an Adobe Acrobat Reader to view this publication, which you can get here. (But you probably already have it.)
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