Form 1040 Calculator

Gross Income

7a	Wages, salaries, tips, etc. from Form W-2 (TP):
7b	Wages, salaries, tips, etc. from Form W-2:
8a	Nontaxable interest:
8b	Taxable interest:
9a	Ordinary dividends:
9b	Qualified dividends:
10	Taxable Tax Refunds:
11a	Alimony Received (taxpayer):
11b	Alimony Received (spouse):
12a	Business income or loss (-) (taxpayer):
12b	Business income or loss (-) (spouse):
12	Business Income/loss(-) (schedule C or C-EZ):
13a	Short-term capital loss carryover(if any):
13b	Short-term capital gain/loss(-):
13c	Long-term capital loss carryover (if any):
13d	Long-term capital gain/loss(-) from capital assets:
13e	Unrecaptured 1250 capital gain from real property:
13f	Long-term capital gain/loss(-) from collectibles:
13g	Capital gain distributions:
13	Capital gains/loss(-) from schedule D:
	Taxable 28% Capital gains/loss(-) (if any):
	taxable unrecaptured 1250 Gains at 25% rate (if any):
	taxable long term capital gains at 0/15/20% rate (if any):
	net long term capital gain(loss) on line 15 (schedule D):
	amount on line 16 of schedule D (1040):
14(a)	Enter gain/(loss) from line 7, Form 4797 (including 1231 gains):
14(b)	Nonrecaptured net section 1231 losses from prior 1 year (line 8a, 4797):
14(b)	Nonrecaptured net section 1231 losses from prior 2 year (line 8b, 4797):
14(b)	Nonrecaptured net section 1231 losses from prior 3 year (line 8c, 4797):
14(b)	Nonrecaptured net section 1231 losses from prior 4 year (line 8d, 4797):
14(b)	Nonrecaptured net section 1231 losses from prior 1 year (line 8e, 4797):
14(b)	line 8, Form 4797:
14(c)	line 9, Form 4797:
14(d)	ordinary gains or (loss) from sales of business assets (less than 1 year), line 10, form4797:
14(e)	Loss from line 7, form 4797:
14(f)	Line 12, Form 4797:
14(g)	Depreciation recapture from sales of assets, Line 31, Form 4797:
14(h)	Ordinary gains or (loss) from 4684:
14(i)	Ordinary gains from 6262 (installment sales):
14(j)	Ordinary gains or (loss) from like-kind exchange (8824):
14(k)	L17, Form 4797:
14(l)	Line 18 from 4797:
14	Ordinary income or loss from from 4797:
14	Long-term capital gain from 4797:
15a	IRA Distribution:
15b	Taxable IRA Distribution:
16a	Pensions & Annuities:
16b	Taxable Pensions & Annuities:
17a	Rental income:
17b	Ordinary income from S corporation:
17c	Income/loss(-) from partnership (taxpayer):
17d	Income/loss(-) from partnership (spouse):
17	Income/loss(-) from schedule E:
18	Farm income/loss(-):
19	Unemployment compensation:
20a	Social Security Benefit:
20b	Taxable amount of Social Security Benefit:
21a	Other Income:
21b	Foreign earned income exclusion:
21c	Foreign housing expense exclusion:
21d	Foreign housing expense deduction:
21d	Nontaxable combat pay:
21f	Net Operation loss for regular tax:
21g	Other Income excluded:
22	Gross Income:

Deductions

Taxes you paid

State and local income taxes or sales tax you paid:
Real estate property tax you paid:
PersonalPropertyTax you paid:
Other taxes you paid:
Taxes paid:

Home Mortgage Expenses You Paid

Home Mortgage Interest you paid (1098):
Points Deduction:
Mortgage Insurance premium:
Home equity loan interest paid:

Charity Contributions

Carryover from prior year:
Charity contribution by cash or check:
Other contribution other than cash or check:

Health Related Expenses

Health savings account deduction (TP):
Health savings account deduction (SP):
Health savings account deduction:
Self-employed health insurance deduction (TP):
Self-employed health insurance deduction (SP):
Medical and dental expenses:
Allowed medical and dental expenses:

Education Related Expenses

Student loan interest paid:
Student loan interest deduction:
Tuition and Fees paid:
Tuition and Fees Deduction:

Retirement Related Deductions

Deduction on IRA contribution (TP):
Deduction on IRA contribution (SP):
Deduction on IRA contribution:
Self-employed SEP, SIMPLE and qualified plans (TP):
Self-employed SEP, SIMPLE and qualified plans (SP):
Self-employed SEP, SIMPLE and qualified plans:

Investment Related Related Expenses

Penalty on early withdrawal of savings
Investment Interest you paid:
Other Investment Expenses:

Enter Your Work/Job-related Deductions

Moving expenses:
Educator expenses (taxpayer):
Educator expenses (spouse):
Educator expenses:
Undeductible Educator expenses:
Unreimbursed Business Expenses:

Enter Your Business-related Deductions

Reservist, performing artists, fee-basis government official business expenses:
Self-employment tax deduction:
Domestic production activities deduction:
Other business deductions:

Other Miscellaneous Deductions

Alimony paid:
C & T loss:
Miscellaneous Deductions subject to 2% AGI:
Miscellaneous Deductions not subject to 2% AGI:
Allowed miscellaneous deductions:
Disallowed itemized deduction due to pease limit:

Taxable Income

Taxable income before Qualified Business income deduction (199A)

Adjusted Gross Income:
Standard deduction:
Itemized Deduction:
Taxable income before exemption:
Exemptions:
Taxable income before 199A deduction:

Qualified Business income deduction (199A)

Business Entity	A	B	C
Is the activity SSTB?
QBI:
W-2 paid
Unadjusted basis of qualified property
Tentative QBID
Total QBID:
Qualified REIT dividends
Qualified PTP income
Income limit (20 of (taxable income - net capital gain)
Allowed QBID
Taxable Income

Regular Tax and AMT

Regular Tax

Tax on taxable income:
Tax from form 8814:
Tax from form 4972:
Total regular Tax:

Your Alternative Minimum Tax

Home mortgage interest adjustment (if any):
Investment interest expense adjustment (if any):
AMT depletion adjustment (if any):
NOL for AMT:
Private bond interest for AMT preference:
Qualified small business stock adjustment:
Incentive stock option AMT preference:
Amount from 1041 k-1, box 12, code A:
Amount from 1065 k-1, box 16:
Property disposition adjustment:
Depreciation adjustment:
Passive activities adjustment:
AMT adjustment on loss limitation:
AMT adjustment on circulation cost:
AMT adjustment on long-term contract:
AMT adjustment on Mining cost:
AMT adjustment on Reasearch and experimental cost:
AMT adjustment on installment sales before 1987:
Intangible drilling cost preference:
Other AMT adjustment:
AMT foreign tax credit:
Net short-term capital gain for AMT:
AMT long-term capital loss carryover:
Net long-term capital gain for AMT:
28% long-term capital gain for AMT:
25% 1250 unrecaptured gain for AMT:
line 14 on sch D tax worksheet (for AMT only):
line 19 on sch D tax worksheet (for AMT only):
AMT income:
AMT exemption amount:
Taxable income for AMT:
AMT (before foreign tax credit for AMT purpose)
Regular tax for AMT comparison purpose
AMT:

Unrefundable Credits

foreign tax credit

Foreign tax credit:

Your Tax Credit for Child and Dependent Care Expenses

Number of qualifying children for dependent care credit:
Amount paid for dependent care:
Earnd income for dependent care credit:
Credit available for Child and dependent care credit:
Limit of Child and dependent care credit:
Child and dependent care tax credit:

Your Education Tax Credits

Qualified AOC Expenses for Student 1:
Qualified AOC Expenses for Student 2:
Qualified AOC Expenses for Student 3:
Qualified lifetime learning credit expenses:
American Opportunity credit:
Lifetime Learning credit:
Education credit (nonrefund part):
Education credit limit (nonrefundable part):
Education credit (nonrefund part):
Education credit (refund part):

Your Retirement Saving Tax Credits

Retirement Contribution (taxpayer):
Retirement Contribution (Spouse):
Available credit for Retirement savings credit:
Limit of Retirement savings credit:
Retirement savings contributions credit:

Your Children Tax Credits

Number of children you can claim for child tax credit(under 6):
Number of children you can claim for child tax credit(6-17):
Number of dependents you can claim for nonchild tax credit:
Total amount of child and nonchild depedent nonchild tax credit to be deducted:
Limit of Child tax credit:
Unallowed child and nonchild depedent nonchild tax credit:
Available refundable child tax credit:
Earned income for for child tax credit:
Child tax credit:
Additional Child tax credit:

Your Other Tax Credits

Residential energy Credit (form 5695):
General business credit (form 3800):
AMT credit from prior year (form 8801):
Mortgage interest credit (form 8396):
Qualified elecric vehicle credit (form 8834):
Qualified adoption expense credit (form 8839):
Columbia first-time home buyer credit (form 8859):
Olderly and disabled Credit (schedule R):

Other taxes

Obamacare Repayment

Total household:
Federal poverty line (FPL):
Household income (including dependent's):
Household income as % of FPL:
Applicable figure:
Annual contribution amount:
Annual enrollment premium:
Annual applicable SLCSP premium:
Annual maximum premium assistance:
Annual premium tax credit allowed:
Annual advance payment of PremiumTaxCredit:
Excess amount of PremiumTaxCredit advance payment:
Repayment limit of premium tax credit:
Premium tax credit repayment:
Net premium tax credit (refund):

Self Employment Taxes

Self-employment income (taxpayer):
Self-employment income (spouse):
Self-employment tax (taxpayer):
Self-employment tax (spouse):
Self-employment tax deduction (taxpayer):
Self-employment tax deduction (spouse):
Self-employment tax:

ACA Penalty

Number of adults uninsured:
Number of children uninsured:
Number of months uninsured:
ACA penalty:

Enter Your Other Taxes

Unreported social security and medicare tax:
Additional Tax on IRAs and retirement plans:
Household Employment Tax:
Tax on children's investment:
Recapture EducationCredit:
Recapture of first homebuyer credit:
Additional Medicare tax (form 8959):
Net Investment Income Tax:
Other Taxes:

Payment and refundable credits

Taxes You Have Already Paid

Federal Income Tax Withheld on Forms W-2, 1099:
Estimated tax payments and prior year overpayments applied:
Tax paid with extension:
Excess social security tax withheld:

Your Earned Income Tax Credits

Number of children you can claim for earned income credit:
Investment Income for Earned Income Credit (EITC):
Earned Income for Earned Income Credit (EITC):
Modified AGI for Earned Income Credit (EITC):
Earned Income Credit (EITC):

Other refundable Credits

Additional Child Tax Credit:
Education credit (refund part):
Net healthcare premium tax credit:
Credit for federal tax on fuel (form 4136):
Other nonrefundable credits:

Your Tax Summary

Your Filing Status
Total Exemptions
Gross Income
Adjusted Gross Income (AGI)
Standard Deduction
Itemized Deduction
Personal Exemptions:
Taxable Income
Regular Tax Based on Taxable Income
Tax Bracket
Effective Tax Rate
Alternative Minimum Tax (AMT):
Non-Refundable Tax Credits:
Tax liability after nonrefundable credits:
Other Taxes
Total Tax (after other taxes):
Tax Payments:
Refundable Tax Credits:
Total Payments with Refundable Credits:
Estimated Refund Estimated Amount Owed

Single	Married Filing Jointly	Married Filing Separately
Head of Household		Qualifying Widower with Dependent Child

You are a dependent of other	Your spouse is a dependent of other
You are at least 65	Your spouse is at least 65
You are blind	Your spouse is blind

Form 1040 Calculator

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Claim Your Personal Exemptions

Taxes you paid

Home Mortgage Expenses You Paid

Charity Contributions

Health Related Expenses

Education Related Expenses

Retirement Related Deductions

Investment Related Related Expenses

Enter Your Work/Job-related Deductions

Enter Your Business-related Deductions

Other Miscellaneous Deductions

Taxable income before Qualified Business income deduction (199A)

Qualified Business income deduction (199A)

Regular Tax

Your Alternative Minimum Tax

foreign tax credit

Your Tax Credit for Child and Dependent Care Expenses

Your Education Tax Credits

Your Retirement Saving Tax Credits

Your Children Tax Credits

Your Other Tax Credits

Obamacare Repayment

Self Employment Taxes

ACA Penalty

Enter Your Other Taxes

Taxes You Have Already Paid

Your Earned Income Tax Credits

Other refundable Credits

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