Federal Income Tax Calculator for 2024-2025
Taxes are calculated before adjustments at $13,841. No federal taxes have been withheld, and there are no tax credits applicable. Therefore, the total taxes owed are $13,841. The effective tax rate is 16.21%, while the marginal tax rate stands at 22%.

Pay Owed Taxes with E-Filing and Balance Due Returns
For IRS payments, Electronic Funds Withdrawal (EFW) offers a no-cost option that lets you schedule when your bank account will be debited for the tax payment.

Handling IRS Payments: Consequences of Owing Taxes
Yes, it is crucial to file either your tax return or an extension to avoid the penalty for not filing, which amounts to 5% of the unpaid tax balance.