Free income tax calculators (for testing / learning purposes)

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AlvaroKhan
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Free income tax calculators (for testing / learning purposes)

Any suggestions on software that would calculate income tax for a self employed individual (federally and state wise)?

I wont be filling, I just want to run some different scenarios to see what tax obligations would be. A lot of online tools only calculate salary, others only calculate FICA obligation (not federal or state tax). Some dont properly include deuctions and give different numbers.

I would like to try software that would give glimpse your entire tax obligation. I tried TaxAct but it seems they force the specified service trades or businesses (SSTB) deduction which I am not (Amazon reseller / book store).

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MYOB Moderator Neil_M
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Re: Free income tax calculators (for testing / learning purposes)

HI @AlvaroKhan 

 

Generally speaking this is something you should be checking with your tax accountant as to which software would best meet your needs from a tax obligations perspective. Please note that as MYOB only provide software for the Australian and New Zealand accounting environments and as such it may not meet your needs for other country’s tax obligations

Regards,
Neil

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