Income / Tax Projection

Enter your information for Total Income and tax simulator.

Sure Financial & Tax Services · Practitioner worksheet

Tax Projection & Safe Harbor

A full-year Form 1040 projection — self-employment tax, the SALT cap phase-down, §199A with the wage limit and SSTB phase-in, preferential rate layering, additional Medicare and NIIT — then both safe harbor tests and a four-quarter installment schedule.

Taxpayer 1040 page 1
Qualifying children under 17 Eligible for the child tax credit
Other dependents $500 credit for others
Wages and withholding Form W-2

Social Security wages drive the self-employment tax offset. Leave box 3 blank and the calculator uses the lesser of wages or the wage base for that person.

Taxpayer wages (box 1)
Social Security wages (box 3)
Spouse wages (box 1)
Social Security wages (box 3)
Federal income tax withheld All W-2s and 1099s combined
Additional Medicare tax withheld W-2 box 6 above 1.45%
Business and pass-through Schedule C / E / SE
Net self-employment profit — taxpayer
Net self-employment profit — spouse
K-1 ordinary income, not subject to SE tax S corporation; limited partner
Rental and royalty income
Portfolio income Schedule B / D
Taxable interest
Tax-exempt interest Provisional income and NIIT MAGI
Ordinary dividends
Of which qualified
Net short-term capital gain or loss
Net long-term capital gain or loss 0 / 15 / 20% rate group
Unrecaptured §1250 gain 25% rate group
Collectibles gain 28% rate group
Retirement and other 1040 lines 4–8
Taxable IRA and pension distributions
Social Security benefits received Gross; taxable portion computed
Other income
This is a projection, not a prepared return. Results depend entirely on the figures entered and on tax law as understood when this tool was built. Nothing here is written or intended to be used, and cannot be used, to avoid penalties under the Internal Revenue Code. Confirm any planning decision with your preparer before you act on it. Rates and thresholds should be verified against the current IRS revenue procedures before filing.