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Filing Information
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Income Sources
Earned Income
Total wages from all employers
From Box 2 of your W-2 (enter 0 if none withheld)
From Box 17 of your W-2 or pay stubs year-to-date
Total gross receipts before any business expenses
Home office, supplies, mileage, software, etc. Net = Gross − Expenses
Ordinary income from pass-through entities
Investment & Passive Income
Taxed at lower capital gains rates
Taxed as ordinary income
Taxed at 0%, 15%, or 20%
After depreciation & expenses
Alimony received, prizes, misc.
Above-the-Line Deductions (reduce AGI)
Max $2,500 deductible
3
Deductions & Credits
Mortgage interest, state & local taxes (SALT), charitable contributions, medical expenses. Leave 0 to automatically use the standard deduction.
Child Tax Credit: $2,200/child (2025-2026), phases out at $200k/$400k MFJ
Credit for Other Dependents: $500/dependent, same phase-out thresholds
From last year's Form 1040 line 24 — used to calculate safe harbor
From last year's state return — used for state safe harbor calculation
Education, EV, energy, foreign tax credits
Total Tax Owed
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Federal Tax
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State Tax
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Balance Due / Refund
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Federal Tax Breakdown
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State Tax Breakdown
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Safe Harbor Amounts (avoid underpayment penalty)
Federal Safe Harbor
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State Safe Harbor
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Federal Per Quarter
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Equal installments recommended
State Per Quarter
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Federal Estimated Tax Payments (Form 1040-ES)
| Quarter | Period Covers | Due Date | Safe Harbor | Estimated Tax |
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State Estimated Tax Payments
| Quarter | Period Covers | Due Date | Safe Harbor | Estimated Tax |
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Professional Report — $29
Get the Full PDF Tax Report
Complete federal & state tax breakdown with bracket analysis
Full quarterly payment schedule with all due dates
Safe harbor calculations with IRS rule citations
Personalized planning notes from Jessica, CPA
Disclaimer: This tool provides estimates for planning purposes only. Actual tax liability depends on factors not captured here including AMT, NIIT, phase-outs, carryforwards, and other credits. State calculations use simplified rates. This is not tax advice. Consult a licensed CPA for your specific situation. — Jessica Le, MBA, MST, CPA · KNL & Company, CPA · knl-cpa.com