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Free Online Tax Calculator 2024. Feel confident with our free tax calculator that's up to date. Use smartasset's paycheck calculator to calculate your take home pay per paycheck for both salary and hourly jobs after taking into account federal, state and local taxes. The federal tax calculator is updated for the 2024/25 tax year and is designed for quick online tax calculations by entering your gross (total) income from tax form 1040 and your. In order to find an estimated tax refund or due, it is first necessary to determine a proper taxable income.