Master Your Money
FireTax helps you understand your finances and reduce taxes now and in retirement with simple, personalized strategies that help you keep more of your money, no expertise needed.
Tax Calculator
Calculate your 2024 tax liability
Your Tax Results
Real-time calculations
Effective Tax Rate
0.00%
Total Tax
$0
Taxable Income
$0
MAGI
$45,800
Income Tax
$0
Capital Gains Tax
$0
State Tax
$0
Important Note:
This calculator uses simplified 2024 tax brackets and rates. Actual tax liability may vary. Consult a tax professional for accurate calculations.
Your Personalized Tax Strategies
Based on your numbers, here's what could save you the most money. These aren't generic tips—they're tailored specifically to your situation.
Backdoor Roth IRA
Suggested ApproachContribute to Traditional IRA then convert to Roth IRA
The Payoff:
Tax-free growth and withdrawals in retirement
Up to $7,000 potential contribution
HSA Triple Tax Advantage
Suggested ApproachMaximize HSA contributions for tax-free healthcare
Why we're recommending this:
The triple tax advantage makes HSAs the most tax-efficient account available
The Payoff:
Tax-deductible contributions, tax-free growth, tax-free withdrawals
Up to $4,300 potential contribution
Roth Conversion Strategy
Common StrategyConvert Traditional IRA to Roth during low-income years
Why we're recommending this:
You're in the 12% tax bracket now—converting while rates are low could save thousands later
The Payoff:
Pay taxes now at lower rate, tax-free growth later
Learn More About These Options
Explore educational guides that cover common strategies and practical examples. Start with the basics or dive into deeper topics at your own pace.