Get your estimated tax refund, after-tax income, marginal tax rate & tax brackets. Calculate your federal income tax using the latest IRS tax brackets and rates. Get accurate insights for better financial planning. Unlike the federal system, Connecticut does not provide a special lower tax rate for long-term capital gains. The amount of income tax your employer withholds from your regular pay depends on two things: The amount you earn. Knowing your income tax rate can help you calculate your tax liability for unexpected income, retirement planning or investment income. 2% for tax year 2024 Client information Current annual taxable income Income will be used to estimate your federal tax rate that will be used for the calculations, which can be adjusted in the Tax rates section. Get instant estimates of your tax liability, refund, and effective tax rate. Plan smarter with fast, accurate results. Estimate your tax refund or how much you might owe the IRS with H&R Block’s free tax calculator.

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