Financial Calculators – Taxation

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Calculators > Taxation

1040 Tax Calculator

Enter your filing status, income, deductions and credits and we will estimate your total taxes. Based on your projected tax withholding for the year, we can also estimate your tax refund or amount you may owe the IRS next April. 

U.S. 1040-EZ Tax Form Calculator

The 1040-EZ is a simplified form used by the IRS for income taxpayers that do not require the complexity of the full 1040 tax form. Simply select your tax filing status and enter a few other details to estimate your total taxes. Based on your projected tax withholding for the year, we then show you your refund or the amount you may owe the IRS next April.

Charitable Giving Tax Savings Calculator

Use this calculator to determine your potential tax savings with a tax-deductible gift to charity. The net cost of a charitable gift, especially for high incomes, may surprise you. This calculator sorts through the tax brackets and filing options to estimate the actual tax savings of your charitable gift. 

Clergy Housing Allowance Worksheet

Use this calculator to help determine the amount that a member of the clergy can claim as a housing allowance. 

Earned Income Credit (EIC) Calculator

Earned Income Credit (EIC) is a tax credit available to low income earners. In some cases the EIC can be greater than your total income tax bill, providing an income tax refund to families that may have little or no income tax withheld from their paychecks. Use this calculator see if you qualify for the Earned Income Credit, and if so, how much it might be worth to you and your family. This calculator creates estimated values for the current tax year. 

Estate Tax Planning Calculator

Estate tax planning is very important to preserving your wealth for future generations. Knowing your potential estate tax liability is a great place to start your estate tax plan. Use this calculator to project the value of your estate, and the associated estate tax, for the next ten years. This calculator uses the rules passed into law as part of the ‘2017 Tax Cuts and Jobs Act.’ Please be aware that certain estate planning documents, which are beyond the scope of this calculator, may be necessary in order for assets to be distributed according to your wishes. 

Healthcare Flexible Spending Account Tax Savings Calculator

According to a recent survey, the average family of four spends almost $3,600 in co-pays, coinsurance and deductible costs for medical, dental and vision expenses. If you contribute $2,750 to a Healthcare Flexible Spending Account you would save approximately $583 in taxes. If you insert your annual compensation and Healthcare FSA contributions below, you will see what your approximate tax savings will be. 

Marginal Tax Rate Calculator

Knowing your income tax rate can help you calculate your tax liability for unexpected income, retirement planning or investment income. This calculator helps you estimate your average tax rate, your tax bracket, and your marginal tax rate for the current tax year. 

Payroll Deduction Calculator with 457 Contributions

Use this calculator to help you determine the impact of changing your payroll deductions. You can enter your current payroll information and deductions, and then compare them to your proposed deductions. Try changing your tax withholding, filing status or retirement savings and let the payroll deduction calculator show you the impact on your take home pay. Withholding schedules, rules and rates are from “IRS Publication 15” and “IRS Publication 15T”. This calculator uses the redesigned W-4 created to comply with the elimination of exemptions in the Tax Cuts and Jobs Act (TCJA). 

Payroll Deductions Calculator

Use this calculator to help you determine your net paycheck. Withholding schedules, rules and rates are from “IRS Publication 15” and “IRS Publication 15T”. This calculator uses the redesigned W-4 created to comply with the elimination of exemptions in the Tax Cuts and Jobs Act (TCJA). 

Payroll Deductions Comparison Calculator

Use this calculator to help you determine the impact of changing your payroll deductions. You can enter your current payroll information and deductions, and then compare them to your proposed deductions. Try changing your tax withholding, filing status or retirement savings and let the payroll deduction calculator show you the impact on your take home pay. Withholding schedules, rules and rates are from “IRS Publication 15” and “IRS Publication 15T”. This calculator uses the redesigned W-4 created to comply with the elimination of exemptions in the Tax Cuts and Jobs Act (TCJA). 

Payroll Flexible Spending Account (FSA) Calculator

A Flexible Spending Account (FSA), sometimes referred to as a ‘Cafeteria Plan’ or ‘Section 125 Cafeteria Plan’, helps you keep more of your paycheck by reducing your Federal and state taxes. It allows you to pay certain expenses before taxes are deducted from your paycheck. These expenses include daycare, insurance premiums and many out-of-pocket medical costs. Use this calculator to see how participating in your employer’s FSA can help you pay less tax, and increase your net take home pay. Withholding schedules, rules and rates are from “IRS Publication 15” and “IRS Publication 15T”. This calculator uses the redesigned W-4 created to comply with the elimination of exemptions in the Tax Cuts and Jobs Act (TCJA). 

Payroll Hourly Paycheck Calculator

Use this calculator to help you determine your paycheck for hourly wages. First, enter your current payroll information and deductions. Then enter the hours you expect to work, and how much you are paid. You can enter regular, overtime and one additional hourly rate. Withholding schedules, rules and rates are from “IRS Publication 15” and “IRS Publication 15T”. This calculator uses the redesigned W-4 created to comply with the elimination of exemptions in the Tax Cuts and Jobs Act (TCJA). 

Payroll Net to Gross Calculator

This calculator helps you determine the gross paycheck needed to provide a required net amount. First, enter the net paycheck you require. Then enter your current payroll information and deductions. We will then calculate the gross pay amount required to achieve your net paycheck. Withholding schedules, rules and rates are from “IRS Publication 15” and “IRS Publication 15T”. This calculator uses the redesigned W-4 created to comply with the elimination of exemptions in the Tax Cuts and Jobs Act (TCJA). 

Self-Employment Tax Calculator

Use this calculator to estimate your self-employment taxes. Normally these taxes are withheld by your employer. However, if you are self-employed, operate a farm or are a church employee you may owe self-employment taxes. Please note that the self-employment tax is 12.4% for the FICA portion and 2.9% for Medicare. 

Simple Federal Tax Calculator

Enter your filing status, income, deductions and credits and we will estimate your total taxes. Based on your projected tax withholding for the year, we can also estimate your tax refund or amount you may owe the IRS next April. 

Social Security Taxable Benefits

Use this calculator to estimate how much of your Social Security benefit is subject to income taxes. For modest and low incomes, none of your Social Security benefit is subject to income taxes. However, once your income plus 50% of your Social Security benefit exceeds $32,000 for married couples filing jointly and $25,000 for everyone else, an ever increasing portion of your benefit is subject to income taxes. For higher incomes, up to 85% of your Social Security benefit is subject to incomes taxes and can have a significant impact on your net after-tax benefit. 

Student Loan Interest Tax Rate Calculator

The tax deduction for student loan interest can be tricky to calculate. Use this calculator to help estimate the value of your student loan interest deduction as well as your average tax rate, your tax bracket, and your marginal tax rate for the current tax year.