Calculate Your Income Tax May 2026

: Up to $300 for K-12 teachers purchasing classroom supplies.

Gross Income - Above-the-Line Deductions = Adjusted Gross Income (AGI) ⚖️ Step 3: Choose Your Standard or Itemized Deduction calculate your income tax

: Payments to a Traditional IRA or 401(k). : Up to $300 for K-12 teachers purchasing classroom supplies

: If you are 65+, you can claim an additional "bonus" deduction of up to $6,000 (single) or $12,000 (joint) depending on your income. Common Itemized Deductions 000 (single) or $12