We designed it to help taxpayers, analysts, and the. State and Local Finance Data. TPC ’s new online calculator allows you to see how representative taxpayers would do under the new law and to create unique examples yourself. If you choose the DIY option, just plug in marital status, age, number and age of kids, amounts and sources of income, and expenses.
You can use the default options we created for people in various income groups, or you can create your own taxpayer profile. Disclaimer: This is not a professional tax utility and provides only an estimate of your income tax liability.
No information entered into the tax calculator is stored in any way unless you choose to share it with others. TPC is made up of nationally recognized experts in tax , budget, and social policy who have served at the highest levels of government. This includes taxpayers who owe alternative minimum tax or certain other taxes, and people with long-term capital gains or qualified dividends.
Accurate Calculations Guaranteed. Maximum Refund Guaranteed. Get a Jumpstart On Your Taxes!
A joint venture of the Urban Institute and the Brookings Institution, it aims to provide independent analyses of current and longer-term tax issues, and to communicate its analyses to the public and to policymakers.