Filing Information
65+ adds senior std. deduction
MFJ only; 65+ adds senior deduction
W-2 Wages & Salary
MFJ only
Self-Employment / Business Income
PRIMARY
SPOUSE (MFJ only)
Above-the-line deduction; also reduces QBI
MFJ only; also reduces QBI
SS portion of SE tax is reduced by each person's own W-2 wages against the SS wage base ().
Solo 401(k) Contributions
PRIMARY
SPOUSE (MFJ only)
Enter SE income to calculate max
Enter SE income to calculate max
20% of net SE compensation
20% of net SE compensation
Both employee deferral and employer profit sharing are above-the-line deductions (reduce AGI).
Catch-up contributions for ages 60–63 use the SECURE 2.0 enhanced limit and are not counted against the §415 cap.
High earners (>$150k prior-year wages) must make catch-up contributions as Roth (not deductible).
Investment Income
Subset of ordinary dividends
Retirement Income
Taxed as ordinary income
Alimony, prizes, rental, etc.
Deductions
Deduction Type:
Credits & Other
$2,200/child under 17
Max $7,000 / $8,000 if age 50+
MFJ only; max $7,000 / $8,000 if 50+
Payments
Prior-year overpayment applied to current year
Prior-year overpayment applied to current year
Disclaimer: This tool is for planning and estimation purposes only. Tax laws change; consult a qualified tax professional before filing. 2027/2028 estimates use approximate inflation adjustments.
Federal Tax Liability
$0
Effective Rate: 0.00%
State Tax (KY)
$0
Effective Rate: 0.00%
Total Tax Liability
$0
Combined Rate: 0.00%