Articles for category: Calculators

Neal Caffrey

Calculators
Gambling Tax Deduction Calculator

Gambling Tax Deduction Calculator

Gambling Tax Deduction Calculator Tax Year 20232024 Filing Status SingleMarried Filing JointlyMarried Filing SeparatelyHead of Household Total Gambling Winnings ($) Total Gambling Losses ($) Other Itemized Deductions ($) Estimated Tax Bracket (%) 10%12%22%24%32%35%37% Gambling Activities Casino Winnings/Losses ($) Lottery Winnings/Losses ($) Sports Betting Winnings/Losses ($) Poker Winnings/Losses ($) Horse/Dog Racing Winnings/Losses ($) Other Gambling Winnings/Losses ...

Neal Caffrey

Calculators
Nanny Tax Calculator

Nanny Tax Calculator

Nanny Tax Calculator Household Employer — Schedule H — 2024 Tax Year How Do You Pay Your Nanny? Hourly rateSet amount — WeeklySet amount — Bi-weekly (every 2 weeks)Set amount — Semi-monthly (twice a month)Set amount — Monthly Hourly Rate — $ Hours Per Week Weeks Worked This Year Enter fewer than 52 if your ...

Neal Caffrey

Calculators
Self Employment Tax Calculator

Self-Employment Tax Calculator

Self-Employment Tax Calculator Tax Year 20232024 Filing Status SingleMarried Filing JointlyMarried Filing SeparatelyHead of Household Net Business Income ($) Other Income ($) Are you a church employee? NoYes Calculate Tax Reset Your Self-Employment Tax Net Earnings from Self-Employment $0 Social Security Tax (12.4%) $0 Medicare Tax (2.9%) $0 Additional Medicare Tax (0.9%) $0 Total Self-Employment ...

Neal Caffrey

Calculators
Qualified Business Income Deduction Calculator

Qualified Business Income Deduction Calculator

Qualified Business Income Deduction Calculator Tax Year 20232024 Filing Status SingleMarried Filing JointlyMarried Filing SeparatelyHead of Household Taxable Income ($) Net Capital Gains ($) Qualified Business Income ($) W-2 Wages Paid by Business ($) Unadjusted Basis of Qualified Property ($) Is this a Specified Service Trade or Business? NoYes Calculate Deduction Reset Your QBI Deduction ...

Neal Caffrey

Calculators
Charitable Contribution Tax Deduction Calculator

Charitable Contribution Tax Deduction Calculator

Charitable Contribution Tax Deduction Calculator Filing Status SingleMarried Filing JointlyMarried Filing SeparatelyHead of Household Adjusted Gross Income (AGI) Are You Itemizing Deductions? Yes – Itemizing (Schedule A)No – Taking Standard Deduction No charitable deduction benefit if taking standard deduction (through 2025) Cash Contributions to Public Charities (Churches, Schools, etc.) Noncash Property to Public Charities (Clothing, ...

Neal Caffrey

Calculators
Sales Tax Deduction Calculator

Sales Tax Deduction Calculator

Sales Tax Deduction Calculator Tax Year 20232024 Filing Status SingleMarried Filing JointlyMarried Filing SeparatelyHead of Household Your Age Spouse’s Age (if applicable) Are you or your spouse blind? NoYes – One personYes – Both people State of Residence AlabamaAlaskaArizonaArkansasCaliforniaColoradoConnecticutDelawareFloridaGeorgiaHawaiiIdahoIllinoisIndianaIowaKansasKentuckyLouisianaMaineMarylandMassachusettsMichiganMinnesotaMississippiMissouriMontanaNebraskaNevadaNew HampshireNew JerseyNew MexicoNew YorkNorth CarolinaNorth DakotaOhioOklahomaOregonPennsylvaniaRhode IslandSouth CarolinaSouth DakotaTennesseeTexasUtahVermontVirginiaWashingtonWest VirginiaWisconsinWyoming Annual Household Income ($) Major Purchases ...

Neal Caffrey

Calculators
Colorado Section Housing

Colorado Section 8 Housing: Updated

It’s a coincidence you’re looking into Colorado Section 8 Housing now. You’re about to discover a program that can change lives. You’ll find out how it works, but first, you need to know the basics. Key Takeaways Section 8 provides rental assistance to low-income families. Applications are submitted through local Public Housing Authority. Income must ...

Neal Caffrey

Calculators
American Opportunity Tax Credit Calculator

American Opportunity Tax Credit Calculator

American Opportunity Tax Credit Calculator Filing Status SingleMarried Filing JointlyHead of HouseholdMarried Filing Separately (Not Eligible) Modified Adjusted Gross Income (MAGI) ($) Qualified Education Expenses ($) Scholarships & Grants ($) Tax Year 20232024 Year of Post-Secondary Education First YearSecond YearThird YearFourth YearFifth Year or Beyond (Not Eligible) Enrollment Status Full-Time (at least half-time)Less Than Half-Time ...

Neal Caffrey

Calculators
Standard Deduction Vs. Itemized Calculator

Standard Deduction vs. Itemized Calculator

Standard Deduction vs. Itemized Calculator Tax Year 20232024 Filing Status SingleMarried Filing JointlyMarried Filing SeparatelyHead of Household Your Age Spouse’s Age (if applicable) Are you or your spouse blind? NoYes – One personYes – Both people Itemized Deductions Adjusted Gross Income (AGI) ($) Medical & Dental Expenses ($) State & Local Taxes (SALT) ($) Mortgage ...

Neal Caffrey

Calculators
Healthcare Subsidy Calculator

Healthcare Subsidy Calculator

2026 Healthcare Subsidy Estimator Household Size 1 Person (Individual)2 People3 People4 People5 People6 People Expected 2026 Household Income ($) Benchmark Silver Plan Premium ($/mo) Estimate Subsidy Reset Your 2026 Benefit Estimate Monthly Premium Tax Credit $0.00 Your Estimated Monthly Cost $0.00 As of 2026, enhanced subsidies have expired. Subsidies are typically only available for incomes ...