Dinkytown 1040 Tax Calculator

A really neat calculator to estimate federal tax liability and demonstrate how different changes in income/expenses will affect your overall tax bill. I use this personally to estimate current year liability (and adjust withholdings), to forecast potential tax liability issues for clients (when coverting to Roth, estimating RMDs, etc), and in class with students for them to see the changes in tax based on adjustments.

Smart Asset Paycheck Calculator

Super helpful tool to estimate your federal/state income tax as well as payroll (social security/medicare) taxes! Great for practical use (budgeting, planning, etc) as well as to learn about how our tax code applies to different incomes/households.

Amortization Calculator

Bankrate has a decent online amortization calculator with charting that shows the cumulative interest paid… This could show a car loan or a house loan!

RMD calculator

Schwab has an excellent RMD calculator that also charts future account value/RMDs. Super easy to use!

Excel version of current 1040 tax estimator

This is more detailed then the AARP calculator but could prove very beneficial if used properly!

TVM Calculator

For your quick Time Value of Money (TVM) calculations. Their website also has access to many other calculators as well!

Social Security Benefit Taxation Calculator

Another excellent Dinkytown calculator focused on determining if social security benefits will be taxable to retirees. (consolidated info from 1040 form)

MORE TO COME SOON

MORE TO COME SOON