It's never fun to get hit with an unexpected tax bill. Use NewsNation's tax calculator to get an idea how much tax you may owe.

Tax credits A benefit that lowers your taxes owed by the amount of the credit. This calculator assumes credits entered are nonrefundable. Many, or all, of the products featured on this page are ...

Below, we'll detail how you can calculate your Social Security tax obligations as well as some strategies to potentially reduce your tax burden. The IRS uses what's called "provisional income" to ...

For certain assets, such as real estate or stocks that have been owned for many years, a very low basis can result in a heavy tax burden when they are sold. However, the Internal Revenue Service ...

Any unpaid taxes from previous years are also added to your federal tax liability if back taxes are due. How to Calculate Your Tax Liability The most common federal tax liability for Americans is ...

I still encourage you to do your research and modify the estimate to fit your unique circumstances or work with a tax professional. Do you need help calculating your tax liability in retirement?

Tax on lump-sum payment from Social Security When calculating taxes on your Social ... more attractive to retirees and ease the financial burden on its aging population. (For more information ...