Calculate Your Taxes — trusttidetax

Federal Tax Estimate (No Login Required)

This calculator runs entirely in your browser — nothing you enter here is saved or sent anywhere. Estimates are for tax year 2026.

1 What are you filing?

Are you a...

2 Your Status

Are you a...

Visa Type

Country of Tax Residence (for Treaty Benefits)

Were you present in the U.S. 183 days or more this year?

Yes

Filing Status

Single

Married Filing Jointly

Married Filing Separately

Head of Household

Qualifying Dependents (for Child Tax Credit)

3 Income

Employment Wages ($)

Interest Income ($)

Qualified Dividends ($)

Ordinary / Non-Qualified Dividends ($)

Other Income ($)

Long-Term Capital Gains ($)

Short-Term Capital Gains ($)

Rental Income ($)

Rental Expenses ($)

4 Deductions & Credits

Deduction Method

Standard Deduction

Itemized Deductions

Itemized Deduction Amount ($)

Additional Credits ($) — e.g. education, foreign tax credit

5 Payments Already Made

Federal Tax Withheld ($)

Estimated / Extra Payments ($)

Calculate My Estimate

Partnerships don't pay federal income tax themselves — profit, loss, and separately-stated items flow through to each partner's own return on a Schedule K-1. Enter the partnership's entity-wide totals below, then your ownership share so we can estimate your personal Form 1040 result.

2 Your Partnership Interest

Total Number of Partners

Your Profit-Sharing Percentage (%)

Are you a...

General Partner

Limited Partner

General partners generally owe self-employment tax on their distributive share of ordinary business income plus guaranteed payments. Limited partners generally only owe it on guaranteed payments for services, not their distributive share — this tool follows that general rule, though real-world facts (e.g. an active limited partner) can change it.

3 Partnership Income & Expenses (Entity-Wide, Form 1065)

Totals for the whole partnership, not just your share — we'll allocate your share automatically.

Gross Receipts ($)

Cost of Goods Sold ($)

Operating Expenses ($)

Total Guaranteed Payments — All Partners ($)

Section 179 Deduction ($)

Charitable Contributions ($)

Interest Income ($)

Dividend Income ($)

Net Long-Term Capital Gain ($)

Net Short-Term Capital Gain ($)

4 Your K-1 & Personal Details

Your Guaranteed Payment ($)

Filing Status

Single

Married Filing Jointly

Married Filing Separately

Head of Household

Qualifying Dependents (for Child Tax Credit)

Other Wages (outside the partnership) ($)

Additional Credits ($)

Deduction Method

Standard Deduction

Itemized Deductions

Itemized Deduction Amount ($)

Federal Tax Withheld ($)

Estimated / Extra Payments ($)

Calculate My Estimate

S-Corps generally don't pay federal income tax either — profit and loss pass through to shareholders. The key difference from a partnership: your distributive share isn't subject to self-employment tax, but the IRS requires shareholder-employees to pay themselves "reasonable compensation" as W-2 wages first. Enter the entity-wide totals below, then your details, so we can estimate your personal Form 1040 result.

2 Your Shareholder Interest

Your Ownership Percentage (%)

Your Reasonable Compensation / W-2 Wages ($)

Reasonable compensation should reflect what you'd pay someone else to do your role. The IRS routinely recharacterizes S-Corp distributions as wages (with back payroll taxes and penalties) when compensation looks too low relative to distributions.

3 S-Corp Income & Expenses (Entity-Wide, Form 1120S)

Totals for the whole S-Corp, not just your share — we'll allocate your share automatically.

Gross Receipts ($)

Cost of Goods Sold ($)

Operating Expenses (excl. shareholder wages) ($)

Total Shareholder-Employee Wages — All Shareholders ($)

Section 179 Deduction ($)

Charitable Contributions ($)

Interest Income ($)

Dividend Income ($)

Net Long-Term Capital Gain ($)

Net Short-Term Capital Gain ($)

Make sure "Total Shareholder-Employee Wages" includes your own wages entered above — it should be the sum across every shareholder-employee, since that's what the S-Corp actually deducts as payroll expense.

4 Your Personal Details

Filing Status

Single

Married Filing Jointly

Married Filing Separately

Head of Household

Qualifying Dependents (for Child Tax Credit)

Other Wages (outside the S-Corp) ($)

Additional Credits ($)

Deduction Method

Standard Deduction

Itemized Deductions

Itemized Deduction Amount ($)

Federal Tax Withheld ($)

Estimated / Extra Payments ($)

Calculate My Estimate

Estimated Result

Choose what you're filing and fill in the form to see an estimate

Business Summary

Entity Ordinary Business Income—

Your Distributive Share—

S-Corp Employer Payroll Tax—

Self-Employment Tax—

QBI Deduction (Sec. 199A)—

Income Summary

Gross Income—

Foreign-Source Income (Not Taxed by U.S.)—

Adjusted Gross Income—

Deduction Used—

Taxable Income—

Tax Calculation

Tax on Ordinary Income—

Tax on Cap Gains / Dividends—

FDAP Tax (Interest & Dividends)—

Net Investment Income Tax—

Additional Medicare Tax—

Credits

Child Tax Credit—

Additional Credits—

Bottom Line

Total Tax Liability—

Total Payments Made—

Effective Tax Rate—

Get My Full Tax Summary →

Estimate only, for U.S. federal purposes, tax year 2026. Short-term capital gains are taxed as ordinary income; long-term capital gains and qualified dividends are stacked on top of ordinary income at 0/15/20% rates; non-qualified (ordinary) dividends are taxed as ordinary income. Doesn't include self-employment tax, AMT, state/local tax, or every available credit. For your exact numbers, get your free Tax Summary or talk to a licensed preparer.

Estimate only, for U.S. federal purposes, tax year 2026, for a non-resident alien (Form 1040-NR style). Only U.S.-source income is taxed — foreign-source interest and dividends are excluded. U.S.-source bank deposit and portfolio interest is generally exempt; other U.S.-source interest and all U.S.-source dividends are taxed as FDAP income at your selected country's treaty rate (or 30% with no treaty/none selected), sourced from the IRS's published treaty withholding-rate tables — general/portfolio rates only, not accounting for ownership-based reduced rates or every treaty footnote. The standard deduction is generally $0 (except a treaty-based exception this tool applies for eligible individuals from India). Capital gains are taxed at a flat 30% only if you were present 183+ days this year, otherwise excluded — this rate isn't treaty-adjusted. NIIT does not apply. Additional Medicare Tax assumes F-1/J-1 visa holders are FICA-exempt; other visa types are not exempt. Doesn't include self-employment tax, AMT, state/local tax, or every available credit. For your exact numbers, get your free Tax Summary or talk to a licensed preparer.

Estimate only, for U.S. federal purposes, tax year 2026. Models Form 1065 pass-through: your distributive share of ordinary business income, guaranteed payments, and separately-stated interest/dividends/capital gains/charitable contributions, allocated by your entered profit-sharing percentage. Dividend income is treated as ordinary (not split into qualified/non-qualified) for simplicity. Self-employment tax follows the general rule (distributive share + guaranteed payments for general partners; guaranteed payments only for limited partners) and doesn't account for every fact pattern that can change this. The Section 199A (QBI) deduction is approximated at 20% of qualified business income subject to the taxable-income limit, without modeling the W-2 wage/UBIA limitation that can reduce it for higher earners. Doesn't include AMT, state/local tax, self-employment health insurance or retirement adjustments, basis or at-risk limits, or every available credit. For your exact numbers, get your free Tax Summary or talk to a licensed preparer.

Estimate only, for U.S. federal purposes, tax year 2026. Models Form 1120S pass-through: your distributive share of ordinary business income (after deducting all shareholder-employee wages and the S-Corp's employer-side FICA match) plus separately-stated interest/dividends/capital gains/charitable contributions, allocated by your ownership percentage, plus your own W-2 wages. Dividend income is treated as ordinary for simplicity. Your distributive share isn't subject to self-employment tax — this tool assumes your entered compensation is in fact "reasonable"; the IRS can recharacterize distributions as wages if it isn't. The Section 199A (QBI) deduction is approximated at 20% of qualified business income subject to the taxable-income limit, without modeling the W-2 wage/UBIA limitation that can reduce it for higher earners. Doesn't include AMT, state/local tax, or every available credit. For your exact numbers, get your free Tax Summary or talk to a licensed preparer.

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What this calculator is — and isn't

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Federal Only

Residents & Non-Residents

Nothing Is Stored

Important Disclaimers

A real estimate engine, built for your actual situation

Ready for Your Exact Numbers — Individual, Partnership & S-Corp

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From estimate to filed return

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See a Detailed Estimate

A Preparer Finalizes It

What this calculator is — and isn't

Estimate Only

Federal Only

Residents & Non-Residents

Nothing Is Stored

Important Disclaimers

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Federal Tax Estimate (No Login Required)