Will you win or lose from Trump's Tax reform? Here is an easy to use calculator that will help you figure out if Trump tax cut will be good for you.
The best way to make use of this calculator is by filling in the info of your 2016 tax return. When you get the result you will know exactly how much your taxes will change from this plan.
Unlike other calculators out on the web we included accurate child tax credit amounts taking in account phase out and credit limits.
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Disclaimer: Although we strive to make this calculator as accurate as possible; working out every detail with the original text of the proposed law, we were unable to include every single Provision from the Trump Tax Reform proposal. Accuracy will be decreased if you have a lot of income from Capital Gains and Pass-through entities or if your income is over one million (or 1.2 million for married filing jointly).
We've taken the guesswork out of Trump's Tax Cut and we now have winners and losers.
Some of our real life examples are: a single earning $32K will gain $684; a couple earning $70K saves $1582; and a family of two parents and 3 kids with a $131K income saves $3911. However a couple earning 52K who itemized will lose $372.
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How will Trumps Tax Reform Affect YOU?
Check out this new calculator, to see how much you will gain or lose.
Get your exact child tax credit amount with Trump's new Family tax credit.
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