Are you wondering if you are going to benefit from the new tax reform?
Here is a tool to find out.
First, from your gross pay deduct
- Nontaxable wages [Dental, medical, HSA, Uniform allowance etc]
- Tax-deferred wages [401-k, 403-b, TSP contributions]
This calculation will give you Taxable income. [Box 1 on W-2 form]
Second, enter the number on this calculator below for 2018 tax estimate
Use this second calculator for 2017 tax estimate.
Enter a total number of family members for the number of personal exemptions in this case.
Share this page, if you will pay less tax
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