Tax Plan Calculator by Maxim Lott

Tax Plan Calculator

By Maxim Lott

Find what the GOP tax plans mean for YOU

Income: $

ⓘ Enter your income.
Technically, it's "Adjusted Gross Income" (line 37 on form 1040.)
Note: Moving expenses, student loan interest, and tuition no longer deductible under House bill. If you have those deductions: Run calculator twice, both with & without them as income, to see impact

State:

Married?

ⓘ Single parents are generally "Head of Household"

Do you itemize deductions?

ⓘ If you deduct state/local taxes, you DO itemize. Other common itemizations: charity, medical costs, mortgage interest.
Note: if you take the "standard deduction" you do NOT itemize.

Only if yes:
Site calculates state/local income and sales taxes automatically.
Roughly what you itemize, NOT counting state/local tax or business costs: $
ⓘ Examples: Charity, medical, mortgage interest deduction.
Only enter things on Schedule A of your return.
Don't enter state/local income/sales/property tax in this line; calc will estimate for you.
Business losses resulting from investment should be subtracted from the income field above

Roughly what do you pay in property taxes? $

Children under age 17:

Other dependents:

ⓘ "Other" includes 17 & 18 year-olds, dependent kids under 24 who are students, and disabled adults

About this site and FAQ | Contact Maxim Lott with feedback

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Less common (most people should ignore):
If you pay Alternative Minimum Tax (AMT), enter amount you pay: $
ⓘ Almost nobody making less than $200,000/year pays AMT

I want to enter my exact state/local income & sales tax deductions: $
ⓘ This will replace the calculator's estimate (methodology explained on FAQ page)