This web page contains a live and functional spreadsheet created with
Married Filing Jointly
Married Filing Separately
Head of Household
Current number of exemptions
Typically the total number of people in your household
Number of children under 17
Dependents under 17 may be eligible for the child tax credit.
If not a CA resident you can manually enter your state income tax as part of interest on student loans below to have it accounted for correctly.
Existing Tax Plan
Pre-tax retirement contributions (401ks, etc.)?
Deductible property tax
This deduction is limited by the House plan. Enter the full amount to see the difference.
Deductible interest on mortgage
This calculator assumes this is your home now and not a future purchase when deduction limits may be lower.
Deductible charitable contributions
Deductible medical and dental expenses
Enter the currently deductible portion. Expenses up to 7.5% of income are not deductible.
Deductible interest on student loans and deductible education costs
Please enter the currently deductible amount only.
Other uncommon deductions
Enter other deductions you have that are not included above.
CA state income tax
This is federally deductible under current law but not under the House plan.
If your itemized deductions are less than the standard deduction, the standard deduction is used.
Your total deductions
Taxable Income = Annual Income - (Deductions and Exemptions)
Your Taxable Income
Child tax credit
Taxes owed under current and proposed laws
This is your marginal tax rate, or the percent you owe for each extra dollar of income.
Your tax bracket