and state taxes. If your total itemized deductions are less than the standard deduction, the calculator will use the standard deduction. Enter your total 401k retirement contributions for 2022.

This calculator assumes that state and local taxes are a percentage of the Federal Taxable Gross. These taxes will vary from state to state, but you can estimate the percentage from one of your ...

Texas state tax has pros and cons. The statewide sales tax rate of 6.25% is a bit high, and localities can add 2%. Property taxes in Texas are also on the high end but were recently lowered for many.