The 1040 tax calculator will take your filing status, income, deductions and credits and use this information to calculate your total taxes for 2006. Based on your projected withholdings for the year, the calculator can also estimate your tax refund or the tax payment amount that you may owe the IRS on April 15. This calculator uses the preliminary 2006 tax tables, which are subject to modifications by the IRS and changes in the tax code.

1040 Tax Calculator Overview

Tax season is upon us, and most of us are scrambling to get our tax paperwork and receipts together for the tax man. It's always exciting when you know that a refund check will be arriving in the mail or will be electronically deposited into your bank account at any given moment. So wouldn't it be nice to know approximately how much your tax obligation is going to be or how much of a refund check you can start planning on spending?

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