Tax Plan Calculator by Maxim Lott

Tax Plan Calculator

By Maxim Lott

What the Trump tax plan means for YOU

Income: $

ⓘ Enter your income.
Use "Adjusted Gross Income" (line 37 on form 1040.)
Note: Union dues and deductions for unreimbursed expenses by your employer no longer deductible. 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 currently itemize deductions?

ⓘ If you enter "I don't know" it'll figure out for you if you should be itemizing itemizing now.

Only if yes:
Site calculates state/local income and sales taxes automatically.
Roughly what do you pay in property taxes? $
Other itemizations (NOT counting state/local tax or business costs): $
ⓘ Examples: Charity, medical, mortgage interest deduction.
Only enter things on Schedule A of your return.
Net business losses should be subtracted from the income field above

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