Calculate Your Income Tax May 2026

: Rental income, gambling winnings, and distributions from retirement accounts. 📉 Step 2: Determine Your Adjusted Gross Income (AGI)

You can reduce your gross income by taking "above-the-line" deductions. These are available even if you don't itemize. calculate your income tax

: Interest from bank accounts, dividends from stocks, and capital gains from selling assets. : Rental income, gambling winnings, and distributions from