Advanced Tax Calculator

Explore additional options like ACA premium tax credits and rental activity to better approximate your tax outcomes. This tool is in beta and focuses on education.

Profile

Filing status, age, and household size

Income & Gains

Regular income and capital gains

$60,0000 - 500k
$
$00 - 200k
$
$00 - 200k
$
$00 - 50,000
$

Retirement Contributions

Roth & IRA contributions & conversions

$00 - 8,000
$
$00 - 8,000
$
$00 - 200k
$

ACA Premium Tax Credit (beta)

SLCSP benchmark vs actual premiums

$450
$
$350$350
$
$

Estimated Tax Credit

$45

You Pay Annually

$4,200

Plan Total Annually

$4,200

Credit Deficit

$0

Note: Actual credit depends on household income vs FPL and other eligibility criteria. This section will incorporate FPL tables and safe-harbor reconciliation in a future update.

Rental Activity (Schedule E)

Income, expenses, and depreciation

$18,0000 - 120k
$
$12,0000 - 120k
$
$3,0000 - 50k
$
$0applied this year: $0
$

Remaining carryforward after current year: $0

Note: Passive loss rules and real estate professional status affect deductibility. Future versions will model these rules.

Other adjustments

Common deductions and adjustments

$00 - 500
$
$00 - 2,500
$
$00 - 10,000
$

Summary

Invoice-style breakdown (educational estimate)

Income

AGI

$63,000

Total taxes

Estimated total taxes due

$14,146

Rental net before carryforward$3,000
Taxable rental income$3,000
Estimated taxable income$48,400
Estimated federal income tax
12.3%$5,956
Estimated taxable capital gains$0
Estimated capital gains tax
$0
Estimated state income tax$8,190
Subtotal tax
22.5%$14,146
Child tax credit-$0
Other dependent credit-$0
Total credits/adjustments-$0
Total premiums (annual)$4,200
Monthly payment credit-$4,200
ACA Premium Tax Credit-$45
ACA Credits Adjustment$0
Estimated total taxes due$14,146

Educational estimate. Does not account for all phase-outs, itemized deductions, AMT, NIIT, self-employment taxes, or passive activity limits.

Prefer the simpler version? Go to the basic calculator