Total W-2 wages + self-employment income for the year, before any deductions.
Changes the bracket thresholds and standard deduction. "Head of household" applies to unmarried filers supporting a qualifying dependent.
Interest, non-qualified dividends, rental income, 1099-NEC freelance. Taxed as ordinary income.
Pre-tax (traditional) 401(k). Reduces taxable income but not FICA. 2025 limit: $23,500 (+$7,500 if age 50+).
Investments held > 1 year plus qualified dividends. Taxed at 0 / 15 / 20 % stacked on top of ordinary taxable income.
Approximate top flat rate. Real state tax may differ — override below if needed.
Auto-fills from the state dropdown. Edit to match your actual effective rate.
Pick whichever is larger. Standard deduction is the default and simpler; itemize only if mortgage interest, SALT, and charitable gifts sum above the standard amount.
Sum of itemizable deductions (SALT up to $10,000, mortgage interest, charitable gifts, medical above 7.5 % AGI, etc.).