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February 19, 2025
Question

where can I find the federal tax return Summary?

  • February 19, 2025
  • 1 reply
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Federal effective tax rate paid and estimated tax payments for 2025

    1 reply

    JohnB5677
    February 26, 2025

    Your federal tax summary and tax return can be found by following this process:

     

    1. Select Tax tools
    2. Hint: You may have to minimize the Federal and State selections
    3. Click Tools
    4. A Menu will pop up
    5. Select View tax summary
    6. On the left panel click Preview my 1040

    Some Key numbers:

    • 11 Adjusted Gross Income
    • 12 Deductions
    • 15 Taxable income
    • 16 Tax
    • 33 Withholdings
    • 34 Refund
    • 37 Amount you owe

    Marginal rates. For tax year 2025, the top tax rate remains 37% for individual single taxpayers with incomes greater than $626,350 ($751,600 for married couples filing jointly). The other rates are:

    • 35% for incomes over $250,525 ($501,050 for married couples filing jointly).
    • 32% for incomes over $197,300 ($394,600 for married couples filing jointly).
    • 24% for incomes over $103,350 ($206,700 for married couples filing jointly).
    • 22% for incomes over $48,475 ($96,950 for married couples filing jointly).
    • 12% for incomes over $11,925 ($23,850 for married couples filing jointly).
    • 10% for incomes $11,925 or less ($23,850 or less for married couples filing jointly).From the left sidebar

    Marginal rates: For tax year 2024, the top tax rate remains 37% for individual single taxpayers with incomes greater than $609,350 ($731,200 for married couples filing jointly).

    The other rates are:

    • 35% for incomes over $243,725 ($487,450 for married couples filing jointly)
    • 32% for incomes over $191,950 ($383,900 for married couples filing jointly)
    • 24% for incomes over $100,525 ($201,050 for married couples filing jointly)
    • 22% for incomes over $47,150 ($94,300 for married couples filing jointly)
    • 12% for incomes over $11,600 ($23,200 for married couples filing jointly)
    • The lowest rate is 10% for incomes of single individuals with incomes of $11,600 or less ($23,200 for married couples filing jointly).
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