Direct use works for standalone tax planning, while shared toolkit amounts can still auto-fill the income side when fresh data exists.
📊 Your Income
per year
$
⚠ Numbers only — e.g. 85000
⚠ Income over $2M entered — please double-check this is correct.
⟳ Monthly value × 12 — all tax estimates are annual totals.
🧾 Business Expenses
$
Numbers only — e.g. 12000
👤 Filing Status
⚙️ Advanced Options
▼
✨ Include QBI (20%) estimate
?20% deduction on business income only. Phases out for high earners (SSTB): Single: $0 above ~$247k taxable MFJ: $0 above ~$495k taxable Eligibility & limits vary.
QBI Tip
Business W-2 Wages
$
Qualified Property?
Qualified Property Amount
$
🏛️ Add State Estimate
State & Rate
%
Suggested estimate — still editable.
🏦 Pre-tax retirement contributions
Annual Contribution
$
Retirement Tip
⚠
🧾 Use itemized deductions
State / Local Taxes Paid
$
Mortgage Interest
$
Charitable Gifts
$
Medical Expenses
$
Tool compares standard vs itemized and uses the larger deduction. SALT is capped at $10,000, and medical deductions only count above 7.5% of AGI proxy.
🏢 Use S-Corp estimate
?Estimate mode only. Owner salary is taxed like payroll wages. Remaining profit is treated as pass-through distributions. Reasonable compensation rules still apply.
Owner Salary (Annual)
$
Annual admin / payroll / filing cost
$
Salary is taxed via payroll. Profit left after salary + employer payroll + admin cost is treated as distribution income.
S-Corp Tip
⚠
💼 I also have W-2 wages
Your W-2 Wages (Annual)
$
Spouse W-2 Wages (Annual)
$
📈 Net investment income
For NIIT only when relevant
Investment Income (Annual)
$
Dividends, capital gains, passive rental/royalty, or passive investment income. Do not include wages or most active business income.
Leave blank for a simple current-year estimate. Add prior-year tax to compare against the IRS 100% / 110% safe-harbor rule.
👶 Kids / Dependents
Child Tax Credit estimate
Dependent Tip
Est. credit: $0.00 · Simplified; ACTC refundability is estimated, but full worksheet detail is not.
?$2,000/kid (2025) · $2,200/kid (2026). Applied against federal tax first. Income phaseout is estimated, and ACTC refundability uses a simplified worksheet-style estimate.
🧮
Enter your income above
Your live tax estimate will appear here. No sign-up · Settings saved on your device.
You Keep · Annual
$—
Monthly:$—
Est. monthly tax: $—
Top federal bracket: —%?Your marginal rate — the rate on your last dollar earned. Effective rate (your avg) is usually much lower.
Total Tax
$—
Effective Rate
?Your avg tax rate across all income. Always lower than your top bracket.
—%
Quick Estimate
💡 Tax Breakdown
Total Taxes Owed$—
Federal Income Tax
$—
Self-Employment Tax?15.3% on 92.35% of net profit. Includes SS (capped) + Medicare (no cap). High earners: +0.9% Additional Medicare on SE income above $200k (single) / $250k (MFJ).
$—
Incl. 0.9% Add'l Medicare
?Additional 0.9% Medicare Tax (IRC Sec. 3101). Applied to SE earned income above $200k (Single/HoH) or $250k (MFJ). Already included in SE Tax total above.
—
NIIT (3.8%) estimate
?Net Investment Income Tax is 3.8% of the lesser of net investment income or MAGI above the IRS threshold. Thresholds are generally $200k Single/HoH and $250k MFJ.
S-Corp Distribution (est.)
· not subject to SE tax
—
Deductions & Credits
QBI Deduction (est.)
· reduces taxable income?20% of business income (Sec. 199A). Phases out for SSTB earners: Single: $0 above ~$247k taxable MFJ: $0 above ~$495k taxable
—
Federal (before child credit)
$—
Child Tax Credit (est.)
· reduces federal tax?Applied against federal tax first. Income phaseout is estimated. Refundable ACTC is estimated separately when relevant.
—
Additional Child Tax Credit (est.)
· refundable estimate?Estimated from earned income above $2,500 and capped at $1,700 per qualifying child. Full Schedule 8812 detail is still simplified.
—
Standard Deduction· larger deduction used?Itemized first pass compares SALT, mortgage interest, charity, and medical expenses against the standard deduction. Some Schedule A rules are still simplified.
—
Federal (after child credit)
$—
Retirement Contribution
—
½ SE Deduction
$—
Taxable Income
Taxable Income (before QBI) (annual)
$—
Taxable Income (annual)
$—
$—
Set Aside / Wk
$—
Set Aside / Mo
$—
Pay / Quarter
📅 Estimated Tax Due Dates
Monthly set-aside is shown above. Quarterly payments are due on the dates below.
Q1Apr 15, —
$—
Q2Jun 15, —
$—
Q3Sep 15, —
$—
Q4Jan 15, —
$—
⚠️ Dates may shift if they fall on a weekend or federal holiday. Verify at IRS.gov.
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⚡ Actions & Export
Planning estimate only. Some rules remain simplified, including full phaseouts, multi-state details, detailed S-Corp handling, and credits. Consult a CPA before filing.
Built for USA freelance planning using IRS guidance for tax years 2025–2026. USA Freelance Calculator Toolkit