Federal Income Tax Use this calculator to estimate your income tax liability along with average and marginal tax rates. You are viewing this website at a small screen resolution which doesn't support calculators. Click here to view this calculator. Have A Question About This Topic? Name Email Address Message Thank you! Oops! Related Content Your Shifting Risk Tolerance Time and market performance may subtly and slowly imbalance your portfolio. When Life Insurance Becomes Taxable Life insurance proceeds are generally tax-free. But not in all cases. Perception vs. Reality There’s an alarming difference between perception and reality for current and future retirees.