Updated Tax Calculator (2017 Edition)

2022 Edit — Find my updated calculators here: https://frugalprofessor.com/2021-tax-calculator/ https://frugalprofessor.com/2020-tax-calculator/   *** If you care to learn deeply about the tax code, I have begun writing a book which contains everything I know on the topic. The book discusses wealth accumulation strategies, of which tax minimization is a key component. The (imperfect and incomplete) draft … Read more

Proposed tax reform: What does it mean?

The much anticipated GOP tax bill is hitting the news (link): Summary of changes to individual taxes: Massive standard deduction ($24.4k) makes itemizing irrelevant for most the US New 10k limit on property tax deduction (this is a big deal if you’re in a state with exceedingly high property taxes (bay area, CA)) No deduction … Read more