The Louisiana Tax Calculator helps users estimate their state tax liability by considering their annual income, filing status, and number of dependents to calculate standard deductions, personal exemptions, taxable income, state tax brackets, total state tax, and effective tax rate.
Louisiana Tax Calculator
Use Our Louisiana Tax Calculator
Step-by-Step Guide for Using the Louisiana Tax Calculator
Step 1: Provide Your Annual Income
First, begin by entering your annual income in the input field labeled
Annual Income ($). This is a required field, so make sure
you enter a positive number representing your total earnings for the year.
Step 2: Select Your Filing Status
Next, select your filing status from the dropdown menu labeled
Filing Status. You will have the following options to choose
from:
- Single
- Married Filing Jointly
- Head of Household
This is also a mandatory field, so please ensure you select the appropriate
status that applies to you.
Step 3: Enter Number of Dependents
In the input field labeled Number of Dependents, input the
total number of dependents you claim. Ensure that you enter a whole number
(use the step value of 1).
Step 4: Review the Calculated Deductions
Once the above information is correctly filled, the calculator will
automatically compute your Standard Deduction and
Personal Exemption based on the information provided.
These deductions help in reducing your taxable income.
Step 5: Understand Your Taxable Income
The calculator will also determine your Taxable Income.
This is the income amount after subtracting the standard deduction and
personal exemption from your annual income.
Step 6: Examine Each Tax Bracket
The calculator breaks down your taxes into three tax brackets:
- 2% Tax Bracket Amount: Applies to the first $12,500 of your taxable income.
- 4% Tax Bracket Amount: Applies to the portion of your taxable income over $12,500 up to $50,000.
- 6% Tax Bracket Amount: Applies to any taxable income over $50,000.
Step 7: Total State Tax Calculation
These bracket amounts are then summed to provide your
Total Louisiana State Tax. This gives you an overall view of
your tax obligation with the state.
Step 8: Determine Your Effective Tax Rate
Finally, the calculator will provide an Effective Tax Rate,
which represents the percentage of your annual income that is paid in taxes.
It is calculated by dividing your total state tax by your annual income and
then multiplying by 100.
By following these steps and understanding each part of the calculation, you
can utilize the Louisiana Tax Calculator effectively to gauge your tax
liability.