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 Timing Your Retirement This short video illustrates the importance of understanding sequence of returns risk. The Facts About Income Tax Millions faithfully file their 1040 forms each April. But some things about federal income taxes may surprise you. TIPS for Inflation If you are concerned about inflation and expect short-term interest rates may increase, TIPS could be worth considering.