Key Changes

Understanding some of the most important pieces.

With the passing of the new tax reform bill, the Tax Cut and Jobs Act (TCJA) took effect on 1/1/2018 and you may have noticed recent changes in your take-home pay since then. While you won't see the impacts to your overall taxes until you file in 2019, you can use our tax reform calculator to estimate what it could mean for your money. Since every situation is different, we recommend you speak to a tax professional to get the full picture.

Here are the main takeaways:

Tax Reform Calculator

Estimate the impact of the new tax plan.

Provide your individual income information and deductions. We'll show you the difference the new tax reform could make on your finances. Where to Find This Information

All fields are required.

We'll help you figure out if it's better for you to be itemizing.

Itemize Deductions (Optional)

We'll calculate state and local income taxes automatically.

Other Itemizations

With the new tax act, your tax bill may be

Before (2017 Tax Act)

Your federal tax bill: $

()

After (2018 Tax Reform Act)

Your federal tax bill: $

()

This is a directional estimate and based on the specific amounts you provided. Keep in mind, your withholdings may not be high enough for you to see a return of this estimated amount at the end of the year. We recommend you speak with a tax professional if you have questions.

There was an error retrieving your tax bracket information. Please refresh this page.

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How to make the most out of any amount.

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Estimate Your Earnings

Our Annual Percentage Yield (APY) is accurate as of --/--/--. Other bank APYs are provided by mybanktracker.com and accurate as of --/--/--. APYs in this table are for California.

2017 Rates

2017 Tax Bracket Table
2017 Rate Single Filer Joint Filer
10% $0 to $9,325 $0 to $18,650
15% $9,325 to $37,950 $18,650 to $75,900
25% $37,950 to $91,900 $75,900 to $153,100
28% $91,900 to $191,650 $153,100 to $233,350
33% $191,650 to $416,700 $233,350 to $416,700
35% $416,700 to $418,400 $416,700 to $470,700
39.6% $418,400+ $470,700+

New 2018 Rates

2018 Tax Bracket Table
2018 Rate Single Filer Joint Filer
10% $0 to $9,525 $0 to $19,050
12% $9,525 to $38,700 $19,050 to $77,400
22% $38,700 to $70,000 $77,400 to $165,000
24% $70,000 to $160,000 $165,000 to $315,000
32% $160,000 to $200,000 $315,000 to $400,000
35% $200,000 to $500,000 $400,000 to $600,000
37% $500,000+ $600,000+

Where to Find This Information

Adjusted Gross Salary

Form 1040, line 37.

Keep in mind, Union dues and deductions for unreimbursed expenses by your employer are no longer deductible. If you have those deductions, run the calculator with and without them as income to compare the impact.

Other deductions

Only enter items on Schedule A of your return, like mortgage interest, charitable contributions, medical expenses, and tuition. Net business losses should not be included here — subtract them from the income field above.

Amount of alternative minimum tax

Form 1040, line 45.

Amount of taxable income

Form 6251, line 28.

If left at zero, calculator will assume your AMT taxable income is equal to your Adjusted Gross Income (AGI). You should enter this if your AMT is noticeably different.