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Federal And State Income Tax Calculator 2024. Our free tax calculator will help you estimate how much you might expect to either owe in federal taxes or receive as a tax refund when filing your 2023 tax return in 2024. Enter your weekly salary, filing status and select a state for instant federal and state tax deductions for 2024 You pay tax as a percentage of your income in layers called tax brackets. Estimate your tax refund or how much you may owe the irs with taxcaster tax calculator.