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Income Tax Estimator

Estimate your potential income tax liability based on your gross income, deductions, and filing status. This tool uses customizable progressive tax brackets (limits and rates) for calculation. Results are simplified estimates and do not include all possible credits or local taxes.

Bracket data below is illustrative and can be modified for any jurisdiction.

Affects potential standard deduction/bracket ranges in real scenarios, simplified here.
Tax Brackets (Modify Limits & Rates)
Note: Changing a limit requires it to be greater than the previous limit. The table will auto-update.

Self-Employment / Sole Trader Tax Estimator

Calculate the estimated self-employment taxes (like Social Security & Medicare in the US, or equivalent social contributions) based on your net business earnings. Use the modifiable fields for rates and limits applicable to your region.

This limit is also used by Payroll & Freelance tabs for estimation.

Capital Gains Tax Estimator

Estimate the potential tax on profits from selling assets (like stocks, bonds, or real estate). The calculation considers purchase price, sale price, holding period (short-term vs. long-term), and approximate income level to estimate the applicable tax rate category. Rules vary significantly by country.

Definition varies by country.
Used to estimate applicable rate category (highly simplified).

Property Tax Estimator

Calculate an estimate of your annual property taxes based on the property's value, assessment ratio, and the local tax rate (expressed as a percentage or mill rate). Property tax systems and rates differ greatly depending on your location.

Percentage of value used for tax calculation, if applicable.

Estate / Inheritance Tax Estimator (Conceptual)

Provides a conceptual estimate of potential taxes due upon death, based on the total value of the estate less debts and applicable exemptions. This tool uses a simplified model; actual estate or inheritance tax laws (which vary significantly by country and sometimes tax the recipient instead) are complex and require specific jurisdictional knowledge.

Enter known local exemption or use default US example.
Top marginal rate, actual may be progressive.

Gift Tax Estimator (Conceptual)

Estimate if gifts made during a year might trigger tax implications. Most jurisdictions have an annual exclusion (tax-free limit) per recipient. Amounts exceeding this may reduce a lifetime exemption or be subject to tax. This calculator uses a simplified model based on common principles (like the US system).

Enter known local exclusion or use default US example.

Inheritance Tax Estimator (Conceptual)

Estimate potential tax paid by the *recipient* (inheritor) of assets from an estate. This tax type exists in only a few jurisdictions and is distinct from estate tax (which taxes the estate itself). Rates often depend heavily on the recipient's relationship to the deceased and the inheritance amount. This tool provides a very basic conceptual estimate.

Context needed as rules are very location-specific.
Enter known rate based on relationship/jurisdiction, or use example.

VAT (Value Added Tax) Calculator

Calculate Value Added Tax amount and the total price including VAT, or determine the base price and VAT amount when given a total price. Enter the relevant VAT rate for your calculation. Common in Europe and many other countries worldwide.

GST (Goods and Services Tax) Calculator

Calculate Goods and Services Tax amount and the total price including GST, or determine the base price and GST amount from a total price. Functionally similar to VAT, GST is used in countries like Canada, Australia, India, and New Zealand. Enter the relevant GST rate.

Sales Tax Calculator

Calculate the sales tax amount and the final price including tax for a purchase, based on the pre-tax amount and the applicable sales tax rate. This type of tax is primarily used in the United States, with rates varying significantly by state and locality.

Payroll Tax Estimator (Employee View - Conceptual)

Estimate an employee's potential take-home pay after common deductions like income tax withholding and social security/health contributions (such as FICA in the US). This is a highly simplified view; actual deductions depend on specific withholding forms (e.g., W4), benefit contributions, and local regulations.

Highly variable - check payslip or withholding info.
Employee portion (e.g., US FICA SS).
Employee portion (e.g., US FICA Medicare).

Uses the Annual Social Security/Pension Limit from the 'Self-Employment' tab for calculations.

FICA Tax Calculator (US Specific)

Calculate the US Federal Insurance Contributions Act (FICA) taxes based on gross pay. FICA includes Social Security and Medicare taxes, paid by both the employee and the employer. This calculator shows both portions, considering the annual Social Security wage limit.

Usually annual gross pay, or pay per period if estimating for one period.
Enter the applicable annual limit.
FICA Components (US Rates)
ComponentEmployee Rate (%)Employer Rate (%)Annual Limit (Employee)
Social Security $168,600
Medicare None

Medicare Tax Calculator (US Specific)

Calculate the Medicare portion of US FICA taxes for both employee and employer. This includes the standard Medicare tax and the Additional Medicare Tax levied on employee earnings above certain thresholds, based on filing status.

Needed to check threshold accurately.
Medicare Components (US Rates/Thresholds)
ComponentEmployee Rate (%)Employer Rate (%)Employee Threshold (Add'l Tax)
Standard Medicare N/A
Additional Medicare $200k / $250k

Social Security Tax Calculator (US Specific)

Calculate the Social Security portion of US FICA taxes for both employee and employer. This tax applies only up to the annual Social Security wage base limit. Year-to-date earnings are used to determine the taxable amount for the current pay period.

Needed to determine remaining taxable wages.
Enter the applicable annual limit.
Social Security Components (US Rate/Limit)
ComponentEmployee Rate (%)Employer Rate (%)Annual Wage Limit
Social Security $168,600

Unemployment Tax Estimator (Employer - Conceptual)

Estimate employer-paid state (SUTA/Provincial) and federal (FUTA - US specific) unemployment taxes. Enter the total payroll, number of employees, and the applicable rates and wage bases per employee for your jurisdiction(s). Results are approximate as accurate calculation requires per-employee wage tracking.

US example ($7,000). Enter 0 if not applicable.
US example (6.0% - 5.4% credit). Enter 0 if not applicable.

Freelance / Contractor Income Tax Estimator

Estimate the total annual tax liability for a freelancer or independent contractor, including both income tax and self-employment (or equivalent social contribution) taxes. This tool combines concepts from the Income Tax and Self-Employment calculators using simplified assumptions and the customizable brackets/rates provided in those sections.

Like standard deduction or itemized estimate.
Uses rate from SE Tax inputs if modified there.
Uses rate from SE Tax inputs if modified there.

Uses SE rates above, the SS Limit from 'Self-Employment', and Income Tax brackets from the 'Income Tax' tab for estimation.

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