2011 TAX CALCULATOR
Last updated December 10th, 2010 - includes new compromise plan and payroll taxes

Note: this calculator is no longer updated, but it is still perfectly valid for estimating how much the recent compromise bill saved you in taxes this year. President Obama signed the compromise tax plan (column #2) into law on December 17th, 2010. Note that this is not a professional tax preparation utility and should not be used to calculate one's own official income tax. Also, remember that the tax return you will file in 2011 is for income earned in 2010. This calculator applies to income earned in 2011, for which you will file a return in 2012.

Fill out the left-hand column and click Calculate to estimate your 2011 tax bill under various scenarios:
(1) EXPIRATION. Congress allows the 2001 and 2003 Bush tax cuts to expire as scheduled;
(2) OBAMA/REPUBLICAN COMPROMISE PLAN. Congress passes the compromise agreed to between President Obama and Senate Republicans, in which all the Bush tax cuts, as well as many 2009 stimulus bill tax cuts, are extended for two years, and the Social Security payroll tax is reduced from 6.2% to 4.2% for one year, and
(3) DEMOCRATIC PLAN. Congress passes the Middle Class Tax Relief Act Of 2010, which has made it through the House but stalled in the Senate: the plan in which the Bush tax cuts are extended only for families making under $250,000 (and $200,000 for single filers).
(4) ORIGINAL REPUBLICAN PLAN. Congress passes the Tax Hike Prevention Act of 2010, the original plan favored by congressional Republicans that extends all of the Bush tax cuts but not the 2009 stimulus bill tax cuts. We include it here as an option, for comparison against the compromise plan now favored by most congressional Republicans.

An important note about baselines
For more information, see our list of Frequently Asked Questions.

Basic Questions
(blank boxes are assumed to be zero)
Filing Status
(select 'married' or 'head of
household' to claim dependents)
Number of dependents under 17
Number of dependents 17 or over
(including those in college)
How many dependents are college
students?
Are you currently a college student?
Wages, salaries, and
self-employment income - Head 		$
Wages, salaries, and
self-employment income - Spouse
$

Detailed Questions
(optional - for a more accurate estimate)
Additional Income
  Capital Gains (Short-Term)
  (Enter a loss as a negative number) 		$
  Capital Gains (Long-Term)
  (Enter a loss as a negative number) 		$
  Dividend Income $
  Social Security Benefits $
  Other Income $
Expenses
  State and Local Income Taxes
$
  Real Estate Taxes (see note) $
  Other Itemized Deductions
  (such as mortgage interest paid,
  charitable contributions, and more) 		$
  Child Care Expenses $
  Tuition Expenses $
Are you 65 or over?
Is your spouse 65 or over?
Advanced Options

Update Results Automatically
Show on right:
(1)Total Tax if All Bush Tax Cuts Expire:
(2)Total Tax, Compromise Plan:
(3)Total Tax, Democratic Plan:
(4)Total Tax, Original Republican Plan:
Breakdown
(1) Bush Cuts
Expire 		(2) Compromise
Plan 		(3) Democratic
Plan 		(4) Republican
Plan
Exemptions Claimed:
Income
Wages, Salaries, Tips:
Qualified Dividends
Net Capital Gains
Taxable Social Security Benefits
Other Income
Gross Income:
Adjustments
Tuition Deduction
Adjusted Gross Income:
Deductions and Exemptions
Personal Exemptions
Itemized Deductions
Standard Deduction
Taxable Income:
Regular Tax:
Alternative Minimum Tax:
Income Tax Before Credits:
Nonrefundable Credits
Child Expenses Credit
Nonrefundable Education Credits
Child Tax Credit
Refundable Credits
Refundable Education Credits
Earned Income Credit
Additional Child Tax Credit
Net Income Tax:
Payroll Tax:
Total Tax:
Bush Cuts
Expire 		Compromise
Plan		 Democratic
Plan		 Republican
Plan

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