How Do You Estimate Your Yearly Taxes Based on Your Income?

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The American tax system isn’t known for being the most straightforward set of laws and processes to follow, and being responsible for determining what you owe each year can seem confusing — if not a little anxiety-inducing, too. Fortunately, you can quell some of your tax-time worries by understanding how to estimate your yearly taxes. This way, you can better anticipate how your money will be taxed, what you’ll owe and even what you might get back from the government in the form of a refund. Learn more about paying taxes in the U.S. at the federal level, along with how to approximate your tax numbers.