BaseTax Year             Email Support        
  Inflation Rate          
                             
  GENERAL     CuriousandCalculated.com                
  Filing Status --> Select from drop down list  
     
      Dependents - 2021  
  Taxpayer Age (end of year)                Age End of Year    
  Spouse Age (end of year)                  
  Number age 65 and over     0              
      0   0                
  INCOME - Form 1040 Page 1   0   0     Adjusted Facts          
  1 - Wages, salaries, tips, etc.
Enter Medicare Wages, if subject to Medicare Surcharge
   
Enter Medicare Wages, if subject to Medicare Surcharge
         
  2a - Tax-exempt interest                  
  2b - Taxable interest                  
  3a - Qualified Dividends                  
  3b - Ordinary Dividends                  
  4b - IRA Distributions                  
  ROTH CONVERSION ----------------------->  
After input check the Roth Conversion Analyzer (RCA) tab up to 3 times. The RCA runs a 2nd scenario to calculate the implied Roth Conversion. When there are income or expense items that move based on AGI then the RCA will recalculate to account for that.

Examples include: Medical expenses, charitable donations subject to AGI limits, Social Security income, etc.
             
  5b - Pensions and annuities                  
  6a - Social Security Benefits              
      0    CuriousandCalculated.com                 
  7 - Capital gain or (loss)                  
  Go To SCHEDULE D - CAPITAL GAINS/LOSSES   0                  
  Part 1, Line 7 - Net short-term capital gain 0                  
  Part 2, Line 15 - Net long-term capital gain 0             Dependents - 2022  
      0                    Age End of Year Dependent Care  
  SCHEDULE 1 - Form 1040   0                
       1 - Taxable refunds, credits, or offsets to SALT              
       2a - Alimony received                
       3 - Business income (or loss)                
       4 - Other gains or (losses)                
       5 - Rental real estate, royalties, partnerships              
       6 - Farm income or (loss)                
       7 - Unemployment Compensation                
       8 - Other income                
      0                  
  9 - Total Income                  
       10 - Educator Expenses                
       12 - Health Savings Account Deduction                
       14 - Deductible part of self-employment tax
Calculator coming soon
             
       15 - Self employed SEP, SIMPLE, and qualified plans              
       16 - Self-employed health insurance deduction             DCFSA 
Enter contributions to Dependent Care FSA already deducted from wages entered above.
 
       18a - Alimony paid                    
       19 - IRA deduction               See "DCFSA vs DCTC" tab for dependent care expense planning  
       20 - Student loan interest deduction                
       21 - Tuition and fees deduction                
                         
  10b - Charitable Contributions (non-Itemizer)                    
      0    CuriousandCalculated.com                   
  10 - Adjustments to Income                    
                           
  Adjusted Gross Income (AGI)                    
  Modified Adjusted Gross Income 0                  
  ITEMIZED DEDUCTIONS   0                    
  Medical Expenses (7.5% AGI)                
      0                      
  State and Local Taxes (ALL)                    
  Real Estate Taxes                    
  Total Taxes Paid                  
  Mortgage and Investment Interest                
                             
  Charitable Contributions (50% Limit Org)
Elect to treat Cash Donations as 100% AGI

NOTE - the software defaults that all cash donations will receive this treatment. In reality, you can choose to treat only a portion subject the 100% election.
     
Elect to treat Cash Donations as 100% AGI

NOTE - the software defaults that all cash donations will receive this treatment. In reality, you can choose to treat only a portion subject the 100% election.
           
      Cash donations
Generally, these are cash donations to 501(c)3 organizations

See IRS Pub 526 for details: https://www.irs.gov/pub/irs-pdf/p526.pdf
                   
      Capital Gain Property
Generally, these are donations of capital gain property

See IRS Pub 526 for details: https://www.irs.gov/pub/irs-pdf/p526.pdf
                   
      Non-cash donations (e.g. Goodwill)                    
                             
  Other Itemized Deduction (ALL)                
  Total Itemized Deductions      CuriousandCalculated.com                 
      0                    
  STANDARD DEDUCTION                     
      0                    
  Taxable Income (Before QBI)                    
  Qualified Business Income        
Worksheet coming soon
           
  Taxable Income      CuriousandCalculated.com                 
      0                    
  Regular Income Tax                    
  Alternative Minimum Tax (AMT)                    
  Medicare Tax
3.8% NIIT - Default is to include only lines 2, 3, and 7.

0.9% Income - Default is to include line 1 and 3.

Enter adjustment to default here.
   
3.8% NIIT - Default is to include only lines 2, 3, and 7.

0.9% Income - Default is to include line 1 and 3.

Enter adjustment to default here.
           
  TOTAL INCOME TAX
Effective tax rate based on Modified Gross Income
Due to rounding expect a +/-$10 difference
   
Effective tax rate based on Modified Gross Income
           
       Child Tax Credit                  
       Tax Withholding/Estimated Payments/Other Credits                    
       Net tax due (refund) before credits/other taxes                      
   TAX BRACKET MANAGER - BRACKET BREAKDOWN
 
 
                           
  Tax Bracket Breakdown   Tax Bracket Breakdown
   
  Adjusted Gross Income       Adjusted Gross Income    
  Modified Adjusted Gross Income       Modified Adjusted Gross Income    
  CuriousandCalculated.com   CuriousandCalculated.com
  Total Taxable Income           Total Taxable Income        
  Total Income Tax           Total Income Tax        
                           
  Net Ordinary Income           Net Ordinary Income        
                           
  Ordinary Income Per Bracket        Distance to Next Bracket    Ordinary Income Per Bracket        Distance to Next Bracket 
  Ordinary Income Tax         Ordinary Income Tax      
  10% Bracket         10% Bracket      
  12% Bracket         12% Bracket      
  22% Bracket         22% Bracket      
  24% Bracket         24% Bracket      
  32% Bracket         32% Bracket      
  35% Bracket         35% Bracket      
  37% Bracket           39.6% Bracket        
  CuriousandCalculated.com   CuriousandCalculated.com
  Capital Gain Income Per Bracket        Distance to Next Bracket    Capital Gain Income Per Bracket        Distance to Next Bracket 
  Capital Gains Tax         Capital Gains Tax      
  0% Bracket         0% Bracket      
  15% Bracket         15% Bracket      
  20% Bracket           25% Bracket