How to Calculate Income Tax
There are many reasons you may want to know how to calculate your income tax without doing a full tax return. One reason to do a quick calculation of your tax is to determine when you should do your actual tax return. If you are going to get a big tax return, you probably want to do your taxes as soon as possible. If you are going to owe the IRS money, you probably want to wait until the last minute or even request an extension. If you are trying to figure out how to calculate income tax easily read on. When you are ready to do your taxes, check the link at the bottom for a tax software review site including sites that will do your taxes for free. The first thing you need BC income tax calculator to know to calculate income tax is how much money you made and how much you have paid in taxes. This information can be found on your pay stub or your W2.. Your pay stub should show you how much money you have made. You need to look at the "net" number because you don't have t