Tax Estimator
$tax_year="2023";
$payment_taxyear = "2024"; // Changes for Task Number - OLTPRO220-24434 on 04/16/2021 By Santhosh Kumar
$renew_payment_taxyear = "2024"; // Changes for Task Number - OLTPRO220-24434 on 04/16/2021 By Santhosh Kumar
// Note: Change the value in this file while changing the value of above "$tax_year" value
include("OLTPRO_Login_taxyear.php");
//Changes for ASP to PHP
include("OLTPRO_fileLinkPrefix.php");
?>
include("olt_cookie_banner.php"); ?>
include_once("sslredirect.php"); ?>
Use this package to figure the estimation of tax in 2021 TY.
Filing Status
Taxable Income
$
TY2021 estimated tax
$0.00
1. The tax bill will lower (many) individual rates: The bill preserves seven tax brackets, but changes the rates that apply to: 10%, 12%, 22%, 24%, 32%, 35% and 37%.
Here is how your income would apply to the new rates:
If taxable income is:
Then income tax equals:
Single Individuals
Not over $9,950
10% of the taxable income
Over $9,950 but not over $40,525
$995.00 plus 12% of the excess over $9,950
Over $40,525 but not over $86,375
$4,664.00 plus 22% of the excess over $40,525
Over $86,375 but not over $164,925
$14,751.00 plus 24% of the excess over $86,375
Over $164,925 but not over $209,425
$33,603.00 plus 32% of the excess over $164,925
Over $209,425 but not over $523,600
$47,843.00 plus 35% of the excess over $209,425
Over $523,600
$157,804.25 plus 37% of the excess over $523,600
Heads of Households
Not over $14,200
10% of the taxable income
Over $14,200 but not over $54,200
$1,420 plus 12% of the excess over $14,200
Over $54,200 but not over $86,350
$6,220 plus 22% of the excess over $54,200
Over $86,350 but not over $164,900
$13,293 plus 24% of the excess over $86,350
Over $164,900 but not over $209,400
$32,145 plus 32% of the excess over $164,900
Over $209,400 but not over $523,600
$46,385 plus 35% of the excess over $209,400
Over $523,600
$156,355.00 plus 37% of the excess over $523,600
Married Individuals Filing Joint Returns and Surviving Spouses