Select your filing status:
• Single: Unmarried or legally separated
• Married Filing Jointly: Filing with spouse, usually lower tax rates
• Married Filing Separately: Filing separately from spouse
• Head of Household: Unmarried but supporting qualified person
• Qualifying Widow(er): Available for 2 years after spouse's death

Select the tax year you want to calculate:
• 2024: For filing by April 15, 2025
• 2025: For estimation and 1040-ES forms
Tax year determines applicable tax rates and deduction standards

Deductible contributions to traditional IRAs.
2024 limit: $7,000 ($8,000 if 50 or older)
Deductibility depends on your income and whether you have an employer retirement plan.

Real estate tax (property tax) you paid.
State and local tax (SALT) deduction total limit is $10,000.
Includes combination of real estate tax and state income tax.

Home mortgage interest you paid.
Mortgage interest on main home and one vacation home is deductible.
Loan principal limit is $750,000 (after Dec 15, 2017).

Donations to qualified charitable organizations.
Cash donations limit is 60% of AGI.
Keep receipts and records as proof.

Student loan interest you paid.
Maximum deduction: $2,500/year
Income limits: Phases out above $75,000 (single) or $155,000 (married)

Child care expenses paid for work purposes.
Applies to children under 13 or unable to care for themselves.
Expense limits: $3,000/person, $6,000 total per family