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  • Online Tax Calculator

    Does anyone know of a good online free tax calculator? Doesn't need to be exact (I'll have a CPA do that when the time comes next year) but wanted a good idea of how much budgetary wise I could do. I'm gonna start doing some independent contractor work along with my regular W2 work and wanted to really figure out my federal state and ss/Medicare taxes without paying for a program. If anyone could help out would really appreciate it!

  • #2
    Try

    • http://www.taxvisor.com/taxes/index.html

    • https://www.calcxml.com/calculators/federal-income-tax-calculator

    • http://www.calculator.net/tax-calculator.html and

    • http://www.taxformcalculator.com/state_tax.html (for state income taxes)


    IC work adds a complication that I do not believe is addressed in any of the online calculators. I would just add another 1/3 to 1/2 of the net profits of the IC work (depending upon your tax bracket and whether you live in a state with income taxes) to the total for the rest. This is for state + federal combined.
    Working to protect good doctors from bad advisors. Fox & Co CPAs, Fox & Co Wealth Mgmt. 270-247-6087

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    • #3
      This is the one I use in my simulations (4 Physicians series).

      Turbotax Taxcaster

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      • #4
        Silly question POF, but this Turbotax calculator is asking me to put information for 2015 but I'm guessing I should be using my projected 2016 income, correct?

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