You can learn to calculate income tax by attending a tax-preparation course offered by a business that specializes in preparing tax returns, such as H&R Block, explains the company's website. Automated online tax calculators that feature step-by-step instructions are also available. The Internal Revenue Service offers publications and tools to help taxpayers calculate their taxes, and its website provides information about programs that offer free preparation for qualifying taxpayers.Continue Reading
Tax-preparation courses cover topics such as tax theory and current laws, filing requirements, interest and dividends, and credits and adjustments, according to H&R Block. Students receive realistic tax-preparation exercises and hands-on practice with current software programs.
Online tax calculator programs have sequentially designed software tools that typically require taxpayers to enter information and answer questions about their personal circumstances. The program then performs the required calculations, notes H&R Block. As of 2015, these often feature tools that check how the Affordable Care Act might affect a taxpayer.
The IRS provides information about free tax preparation offered through programs such as Volunteer Income Tax Assistance and Tax Counseling for the Elderly, reports its website. People with disabilities, those who speak limited English, seniors and people who make less than $53,000 a year may be eligible for free assistance in calculating taxes. The IRS also offers many publications with information on specific situations that determine how to calculate taxes.Learn more about Income Tax