Calculate Your Income Tax -

: Interest from bank accounts, dividends from stocks, and capital gains from selling assets.

: Contributions made with after-tax dollars. calculate your income tax

: Up to $300 for K-12 teachers purchasing classroom supplies. : Interest from bank accounts, dividends from stocks,

You can reduce your gross income by taking "above-the-line" deductions. These are available even if you don't itemize. : Interest from bank accounts

Gross Income - Above-the-Line Deductions = Adjusted Gross Income (AGI) ⚖️ Step 3: Choose Your Standard or Itemized Deduction