Tax Calculator

Filing Details

Tax Year & Status

Tax Year

Filing Status

Worker Classification

Employment Category

Worker Type

Worker Age Required for family employee FICA exemption check

Income Sources

Wages & Salary

Base Wages / Salary (W-2)

Self-Employment Income

Self-Employment / 1099 Net Schedule C net profit; SE tax calculated automatically

Investment Income

Short-Term Capital Gains

Long-Term Capital Gains

Qualified Dividends

Other Income

Tips & Supplemental Wages

Tips

Reported Tips Tips you reported to your employer (≥ $20/month)

Allocated Tips W-2 Box 8 — employer allocated; includible in gross

Qualified Tips Deduction 2025–2028 only · Max above-the-line deduction: $25,000

Supplemental Wages

Bonuses / Commissions / Awards Withheld at flat 22% (or 37% if aggregate > $1M)

Severance Pay

Qualified Overtime Pay 2025–2028 only · Max: $12,500 ($25,000 MFJ)

Retirement & Benefits

Retirement Contributions

Traditional 401(k) / 403(b) 2025 limit: $23,500 (under 50)

Traditional IRA 2025 limit: $7,000 (under 50)

HSA Contribution 2025: $4,300 self-only / $8,550 family

Employer Benefits (Excluded from Income)

Employer-Paid Health Insurance Excluded from all taxes; enter for reference only

Dependent Care FSA Excluded up to $5,000 ($2,500 MFS)

Educational Assistance (§127) Excluded up to $5,250

Other Deductions & Taxable Fringe

Above-the-Line Deductions

Student Loan Interest Max deductible: $2,500

Accountable Plan Reimbursements Excluded from all taxes if employer maintains accountable plan

Taxable Fringe Benefits

Taxable Fringe Benefit FMV E.g., personal use of company car — added to wages

Withholding & Payments

Federal Payments

Federal Tax Withheld (YTD) From W-2 Box 2 and 1099s

Business Details

Tax Period

Tax Year

Lookback Period (Deposit Schedule)

Total Tax Liability — Lookback Period Sum of Form 941 taxes Jul 1 – Jun 30 (two years prior). ≤ $50k → monthly; > $50k → semiweekly

Accumulated Liability This Period Current payroll period running total — triggers $100k next-day rule

Wages Paid This Period

Compensation

Total Wages (all employees)

Tips Paid (reported by employees)

Taxable Fringe Benefit FMV

FUTA Tracking

FUTA Wages Already Paid (YTD) Portion of the $7,000 FUTA wage base already used

Complete all steps and click Calculate to see your results.

Federal Tax Calculator

Filing Details

Worker Classification

Income Sources

Tips & Supplemental Wages

Retirement & Benefits

Other Deductions & Taxable Fringe

Withholding & Payments

Business Details

Wages Paid This Period

Income & AGI

Worker Type & Exemptions

Ordinary Income Tax by Bracket

Long-Term Capital Gains & Dividends

FICA (Employee Share)

Employer Payroll Tax

Tax Summary