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

Financial Update Nov 2017

Summary of this months finances. 2012 minivan travelling 75mph vs deer. Family is safe. Radiator + oil pan done for. Rest of car in okay shape (above pic is during teardown inspection of car). $6.5k repair estimate. $2.5k insurance deductible. Grateful it wasn’t worse. Item #91 on repair estimate. 1 man hour for removing all … 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

Financial Update Oct 2017

Another month, another update. A few random comments. Good Reads/Listens/Watches My wife and I binge watched the first season of This is Us and are now caught up on season 2. I’m a fan of dramas and this is the best show I’ve seen in a while.   Life We upgraded our 10 year old … Read more