Contributing to an IRA? Determine if you are eligible to contribute to a traditional or Roth IRA. You are viewing this website at a small screen resolution which doesn't support calculators. Click here to view this calculator. Have A Question About This Topic? Name Email Address Question Thank you! Oops! Related Content When Life Insurance Becomes Taxable Life insurance proceeds are generally tax-free. But not in all cases. Federal Income Tax Use this calculator to estimate your income tax liability along with average and marginal tax rates. Is a SEP-IRA Right for Your Business? For some, the idea of establishing a retirement strategy evokes worries about complicated reporting and administration.