View
216
Download
0
Category
Preview:
Citation preview
8/10/2019 tax calculatio
1/32
Federal and State of California Tax Planner
Federal and State of California Tax Planner Spreads
2014 Single Filing Status
Quick Instructions
1. Fill in your primary W2 income in cells N38 through N49.
2. If you have a second source of W2 income, fill in cells R38 through R49.
3. Fill in cells B24 through B34 with other income sources (savings account interest, stock/bond divide
4. Fill in cells F21, and F24 through F33 with deductable expenses.
5. Fill in cell F61 with your federal withholding tax, and cell J46 with your state withholding tax.
6. Fill in cell B74 with your number of dependents.
7. If you have schedule C income, fill in cells N54 through N65, and associated expenses in cells R54
8. If you make federal estimated tax payments, fill in cells N70 through N81, and likewise for state esti
9. Only the gray color cells are editable.
10. All calculations are recomputed immediately after you make any change to a gray colored cell. Th
11. For easier navigation, maximize the Excel window and this spreadsheet, increase your display res
Federal Income Federal Deductions
0.00 Primary Job W2 0.00
0.00 Second Job W2 0.00
0.00 Schedule C 0.00
0.00 Bank #1 Interest 0.00
0.00 Bank #2 Interest 0.00
0.00 Money Market #1 Interest 0.00
0.00 Money Market #2 Interest 0.00
0.00 Nontaxable State Interest 0.00
0.00 Stock/Fund Qualified Div 0.00
0.00 Stock/Fund ST Div/Gains 0.00
0.00 Stock/Fund LT Cap Gains 0.000.00 Stock/Fund 60mo Cap Gains 0.00
0.00 CA Tax Refund 0.00
0.00 Other Income
0.00
0.00 Total Federal Gross 0.00
6,200.00
Federal Income Adjustments
0.00 Schedule C Expenses 3,950.00
0.00 1/2 SE Tax 0.00
0.00 Health Insurance Premium 3,950.00
0.00 Capital Losses This Year
0.00 Other Deductions 0.00
0.00 Total Federal Adjustments Federal Taxes Owed
0.00
Federal Income and Deduction Summary 0.00
0.00 Federal Adj Gross Income 0.00
0.00 Net Schedule C Income 0.00
0.00 Capital Losses Carryover 0.00
0.00 LT Cap Gains Taxable 0.00
8/10/2019 tax calculatio
2/32
Federal and State of California Tax Planner
0.00 60mo Cap Gains Taxable 0.00
0.00 Net Qualified Inc Taxable
0.00 Medical Deducts Inc Threshold 0.00
0.00 Misc Deducts Inc Threshold 0.00
0.00 Deducts Subject to Threshold 0.00
0.00 Charity Deducts Threshold
0.00 Net Income 0.000.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Federal Parameters California Parameters
1 Number of Dependents YES
0 Blind and/or Over 65 NO
YES Computed State Tax Deduction 0
YES One Wage Earner 0
NO Round tax due to the dollar 1.00%
10.00% Fed Tax Rate 10% 7,582.00
9,075.00 Fed Income 15% 75.82
907.50 Fed Tax 15% 2.00%15.00% Fed Tax Rate 15% 17,976.00
36,900.00 Fed Income 25% 283.70
5,081.25 Fed Tax 25% 4.00%
25.00% Fed Tax Rate 25% 28,371.00
89,350.00 Fed Income 28% 699.50
18,193.75 Fed Tax 28% 6.00%
28.00% Fed Tax Rate 28% 39,384.00
186,350.00 Fed Income 33% 1,360.28
45,353.75 Fed Tax 33% 8.00%
33.00% Fed Tax Rate 33% 49,774.00
405,100.00 Fed Income 35% 2,191.48
117,541.25 Fed Tax 35% 9.30%35.00% Fed Tax Rate 35% 254,250.00
406,750.00 Fed Income 39.6% 21,207.75
118,118.75 Fed Tax 39.6% 10.30%
39.60% Fed Tax Rate 39.6% 305,100.00
15.00% Fed LT Cap Gains Tax Rate 26,445.30
15.00% Fed 60mo Cap Gains Tax Rate 11.30%
0.00% Fed Low Income CG Tax Rate 508,500.00
20.00% Fed High Cap Gains Tax Rate 49,429.50
8/10/2019 tax calculatio
3/32
8/10/2019 tax calculatio
4/32
Federal and State of California Tax Planner
heet
nds, etc.).
through R65.
mated tax in cells R70 through R81.
e "Taxes Owed" and "Taxes Due" areas show what taxes you may owe.
olution, and/or decrease the zoom factor in this spreadsheet.
California Income
Mortgage Interest 0.00 Federal Adjusted Gross
CA State Income Taxes 0.00 CA State-Only Taxable Income
CA SDI/VPDI 0.00 Minus CA Tax Refund
Local/City Income Taxes 0.00 Minus Nontaxable Income
CA Prior Year State Inc Taxes
Property Taxes 0.00 Total CA Gross
Personal Property Taxes
Home Loan Points California Deductions
Cash Donations 0.00 Fed Deducts w/o CA Inc Taxes
Noncash Donations 0.00 Limitation
Other Deductions 3,906.00 Adjusted DeductionsMedical and Dental
Miscellaneous 2% Deductions 0.00 Taxable CA Income
Total Gross Deductions California Taxes Owed
Limitation 0.00 State Income Tax
Adjusted Deductions 0.00 Other Taxes
0.00 Local/City Income Tax
Personal Deductions 0.00 CA SDI/VPDI Withheld
Limitation 0.00 CA SDI/VPDI Overpayment
Adjusted Pers Deductions 106.00 Adjusted Pers Exemptions
Taxable Federal Income 0.00 Normal Tax Due0.00 Normal + AMT Tax Due
Income Tax 0.00 Tax Withheld
Other Taxes 0.00 Prior Year AMT Carryforward
Medicare Withheld 0.00 Tax Credits
Medicare Surtax 0.00 Estimated Tax Total Due
Medicare Surtax over/underpaid 0.00 Estimated Paid to Date
FICA Withheld 0.00 CA Tax Remaining
8/10/2019 tax calculatio
5/32
Federal and State of California Tax Planner
FICA Overpayment
Federal Alternative Minimum Tax
SE FICA Tax 6,200.00 Adjustments and Preferences
SE Medicare Tax 0.00 Other Adjustments/Prefs
Total SE Tax 0.00 AMT Capital Gains Basis
0.00 AMT Taxable Income
Normal Tax Due 52,800.00 AMT ExemptionNormal + AMT Tax Due 0.00 AMT Net Income
0.00 AMT Computed Tax
Tax Withheld 0.00 AMT Tax Credits
Prior Year AMT Carryforward 0.00 Tax Owed by AMT
Tax Credits
Child Tax Credit California Alternative Minimum Tax
Estimated Tax Total Due 3,906.00 Adjustments and Preferences
Estimated Paid to Date 0.00 Other Adjustments/Prefs
Federal Tax Remaining 0.00 AMT Taxable Income
63,481.00 AMT Exemption
0.00 AMT Net Income
0.00 AMT Computed Tax0.00 Tax Owed by AMT
Legend
CA SDI Deductable Income
Round tax due to the dollar Taxes Owed
Child Tax Credit Dependents Remaining Taxes Due
Number of Dependents Tax Summary Information
CA Tax Rate 1% User-editable cell
CA Income 2% normal font normal data entry
CA Tax 2% boldface summation data entry
CA Tax Rate 2% title heading/subheadingCA Income 4% prose cell definition
CA Tax 4% 0.00 cell with narrative explanation
CA Tax Rate 4% 123.45 positive numeric value
CA Income 6% (123.45) negative numeric value
CA Tax 6% 2.90% percentage (example: 0.029)
CA Tax Rate 6%
CA Income 8%
CA Tax 8%
CA Tax Rate 8%
CA Income 9.3%
CA Tax 9.3%
CA Tax Rate 9.3%CA Income 10.3%
CA Tax 10.3%
CA Tax Rate 10.3%
CA Income 11.3%
CA Tax 11.3%
CA Tax Rate 11.3%
CA Income 12.3%
CA Tax 12.3%
8/10/2019 tax calculatio
6/32
Federal and State of California Tax Planner
CA Tax Rate 12.3%
CA Mental Health Surtax
CA Mental Health Income
CA Pers Limit Income
CA Pers Limit Rate
CA SDI/VPDI Tax Rate
CA SDI/VPDI Income MaxCA SDI/VPDI Tax Max
CA Standard Deduction
CA Pers Exemption Div
CA Pers Exemption Div
CA Pers Exemption
CA Dep Pers Exemption
AMT Income Exemption
AMT Income Exemption Limit
AMT Income Exemption Rate
AMT Low Income Tax Rate
AMT Medical Deduction Rate
8/10/2019 tax calculatio
7/32
Federal and State of California Tax Planner
Taxes Due Summary
0.00 Total Fed/CA Tax
0.00 Total Fed Tax
0.00 Total CA Tax
0.00 Medicare
0.00 SE Tax
0.00 FICA
0.00 Est Fed/CA Total Tax
0.00 Est Fed Total Tax
0.00 Est CA Total Tax
0.00 Est Fed Tax Paid to Date
0.00 Est CA Tax Paid to Date0.00 Est Fed/CA Tax Paid to Date
0.00 Fed Tax Remaining
0.00 CA Tax Remaining
0.00 Fed/CA Tax Remaining
Primary Job W2 Income Second Job W2 Income
0.00 January 0.00 January
0.00 February 0.00 February
0.00 March 0.00 March
0.00 April 0.00 April
0.00 May 0.00 May
0.00 June 0.00 June0.00 July 0.00 July
0.00 August 0.00 August
0.00 September 0.00 September
0.00 October 0.00 October
0.00 November 0.00 November
0.00 December 0.00 December
0.00 Total Income 0.00 Total Income
8/10/2019 tax calculatio
8/32
Federal and State of California Tax Planner
Schedule C Income Schedule C Expenses
0.00 January 0.00 January
0.00 February 0.00 February
0.00 March 0.00 March
0.00 April 0.00 April
0.00 May 0.00 May0.00 June 0.00 June
0.00 July 0.00 July
0.00 August 0.00 August
0.00 September 0.00 September
0.00 October 0.00 October
0.00 November 0.00 November
0.00 December 0.00 December
0.00 Total Income 0.00 Total Expenses
Federal Estimated Tax Payments California Estimated Tax Payments
0.00 January 0.00 January0.00 February 0.00 February
0.00 March 0.00 March
0.00 April 0.00 April
0.00 May 0.00 May
0.00 June 0.00 June
0.00 July 0.00 July
0.00 August 0.00 August
0.00 September 0.00 September
0.00 October 0.00 October
0.00 November 0.00 November
0.00 December 0.00 December
0.00 Total Est Tax Paid 0.00 Total Est Tax Paid
8/10/2019 tax calculatio
9/32
Federal and State of California Tax Planner
Federal and State of California Tax Planner Spreads
2014 Married Joint Filing Status
Quick Instructions
1. Fill in your primary W2 income in cells N38 through N49.
2. If you have a second source of W2 income, fill in cells R38 through R49.
3. Fill in cells B24 through B34 with other income sources (savings account interest, stock/bond divide
4. Fill in cells F21, and F24 through F33 with deductable expenses.
5. Fill in cell F61 with your federal withholding tax, and cell J46 with your state withholding tax.
6. Fill in cell B74 with your number of dependents.
7. If you have schedule C income, fill in cells N54 through N65, and associated expenses in cells R54
8. If you make federal estimated tax payments, fill in cells N70 through N81, and likewise for state esti
9. Only the gray color cells are editable.
10. All calculations are recomputed immediately after you make any change to a gray colored cell. Th
11. For easier navigation, maximize the Excel window and this spreadsheet, increase your display res
Federal Income Federal Deductions
0.00 Primary Job W2 0.00
0.00 Second Job W2 0.00
0.00 Schedule C 0.00
0.00 Bank #1 Interest 0.00
0.00 Bank #2 Interest 0.00
0.00 Money Market #1 Interest 0.00
0.00 Money Market #2 Interest 0.00
0.00 Nontaxable State Interest 0.00
0.00 Stock/Fund Qualified Div 0.00
0.00 Stock/Fund ST Div/Gains 0.00
0.00 Stock/Fund LT Cap Gains 0.000.00 Stock/Fund 60mo Cap Gains 0.00
0.00 CA Tax Refund 0.00
0.00 Other Income
0.00
0.00 Total Federal Gross 0.00
12,400.00
Federal Income Adjustments
0.00 Schedule C Expenses 7,900.00
0.00 1/2 SE Tax 0.00
0.00 Health Insurance Premium 7,900.00
0.00 Capital Losses This Year
0.00 Other Deductions 0.00
0.00 Total Federal Adjustments Federal Taxes Owed
0.00
Federal Income and Deduction Summary 0.00
0.00 Federal Adj Gross Income 0.00
0.00 Net Schedule C Income 0.00
0.00 Capital Losses Carryover 0.00
0.00 LT Cap Gains Taxable 0.00
8/10/2019 tax calculatio
10/32
Federal and State of California Tax Planner
0.00 60mo Cap Gains Taxable 0.00
0.00 Net Qualified Inc Taxable
0.00 Medical Deducts Inc Threshold 0.00
0.00 Misc Deducts Inc Threshold 0.00
0.00 Deducts Subject to Threshold 0.00
0.00 Charity Deducts Threshold
0.00 Net Income 0.000.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Federal Parameters California Parameters
2 Number of Dependents YES
0 Blind and/or Over 65 NO
YES Computed State Tax Deduction 0
NO One Wage Earner 0
NO Round tax due to the dollar 1.00%
10.00% Fed Tax Rate 10% 15,164.00
18,150.00 Fed Income 15% 151.64
1,815.00 Fed Tax 15% 2.00%15.00% Fed Tax Rate 15% 35,952.00
73,800.00 Fed Income 25% 567.40
10,162.50 Fed Tax 25% 4.00%
25.00% Fed Tax Rate 25% 56,742.00
148,850.00 Fed Income 28% 1,399.00
28,925.00 Fed Tax 28% 6.00%
28.00% Fed Tax Rate 28% 78,768.00
226,850.00 Fed Income 33% 2,720.56
50,765.00 Fed Tax 33% 8.00%
33.00% Fed Tax Rate 33% 99,548.00
405,100.00 Fed Income 35% 4,382.96
109,587.50 Fed Tax 35% 9.30%35.00% Fed Tax Rate 35% 508,500.00
457,600.00 Fed Income 39.6% 42,415.50
127,962.50 Fed Tax 39.6% 10.30%
39.60% Fed Tax Rate 39.6% 610,200.00
15.00% Fed LT Cap Gains Tax Rate 52,890.60
15.00% Fed 60mo Cap Gains Tax Rate 11.30%
0.00% Fed Low Income CG Tax Rate 1,017,000.00
20.00% Fed High Cap Gains Tax Rate 98,859.00
8/10/2019 tax calculatio
11/32
Federal and State of California Tax Planner
450,000.00 Fed High Cap Gains Inc Limit 12.30%
3.80% Investment Inc Surtax 3.8% 1.00%
250,000.00 ACA Surtax Cliff 1,000,000.00
12,400.00 Fed Standard Deduction 345,235.00
1,200.00 Fed Additional Deduction 6.00%
3,950.00 Fed Pers Deduction 1.00%
2,500.00 Fed Pers Deduction Div 101,636.00305,050.00 Fed Pers Limit Income 1,016.36
2.00% Fed Pers Limit Rate 7,812.00
1,000.00 Fed Child Tax Credit 2,500.00
110,000.00 Fed Child Tax Income Max 6.00
1,000.00 Fed Child Tax Income Div 106.00
5.00% Fed Child Tax Income Sub 326.00
305,050.00 Fed Sched A Limit Income 84,640.00
3.00% Fed Sched A Limit Rate 317,401.00
80.00% Fed Sched A Limit Rate 25.00%
2.90% SE Medicare Tax Rate 7.00%
92.35% SE Income Limitation Rate 2.50%
0.00 SE Medicare Tax Max1.45% W2 Medicare Tax 1.45%
0.90% Medicare Surtax 0.9%
200,000.00 Medicare Surtax W/H Cliff
12.40% SE FICA Tax 12.4%
14,508.00 SE FICA Tax Max
117,000.00 SE FICA Income Max
400.00 SE Income Minimum
6.20% W2 FICA Tax 6.2%
100.00% Health Insur Premium Rate
3,000.00 Cap Losses Max
10.00% Medical Deductions Threshold
7.50% Senior Medical Ded Threshold
2.00% Misc Deductions Threshold
50.00% Charity Deductions Threshold
82,100.00 AMT Income Exemption
156,500.00 AMT Income Exemption Limit
25.00% AMT Income Exemption Rate
26.00% AMT Low Income Tax Rate
28.00% AMT High Income Tax Rate
182,500.00 AMT High Income Threshold
3,650.00 AMT High Income Deduction
2.50% AMT Medical Deduction Rate
0.00 AMT Additional Income Limit
8/10/2019 tax calculatio
12/32
Federal and State of California Tax Planner
heet
nds, etc.).
through R65.
mated tax in cells R70 through R81.
e "Taxes Owed" and "Taxes Due" areas show what taxes you may owe.
olution, and/or decrease the zoom factor in this spreadsheet.
California Income
Mortgage Interest 0.00 Federal Adjusted Gross
CA State Income Taxes 0.00 CA State-Only Taxable Income
CA SDI/VPDI 0.00 Minus CA Tax Refund
Local/City Income Taxes 0.00 Minus Nontaxable Income
CA Prior Year State Inc Taxes
Property Taxes 0.00 Total CA Gross
Personal Property Taxes
Home Loan Points California Deductions
Cash Donations 0.00 Fed Deducts w/o CA Inc Taxes
Noncash Donations 0.00 Limitation
Other Deductions 7,812.00 Adjusted DeductionsMedical and Dental
Miscellaneous 2% Deductions 0.00 Taxable CA Income
Total Gross Deductions California Taxes Owed
Limitation 0.00 State Income Tax
Adjusted Deductions 0.00 Other Taxes
0.00 Local/City Income Tax
Personal Deductions 0.00 CA SDI/VPDI Withheld
Limitation 0.00 CA SDI/VPDI Overpayment
Adjusted Pers Deductions 212.00 Adjusted Pers Exemptions
Taxable Federal Income 0.00 Normal Tax Due0.00 Normal + AMT Tax Due
Income Tax 0.00 Tax Withheld
Other Taxes 0.00 Prior Year AMT Carryforward
Medicare Withheld 0.00 Tax Credits
Medicare Surtax 0.00 Estimated Tax Total Due
Medicare Surtax over/underpaid 0.00 Estimated Paid to Date
FICA Withheld 0.00 CA Tax Remaining
8/10/2019 tax calculatio
13/32
Federal and State of California Tax Planner
FICA Overpayment
Federal Alternative Minimum Tax
SE FICA Tax 12,400.00 Adjustments and Preferences
SE Medicare Tax 0.00 Other Adjustments/Prefs
Total SE Tax 0.00 AMT Capital Gains Basis
0.00 AMT Taxable Income
Normal Tax Due 82,100.00 AMT ExemptionNormal + AMT Tax Due 0.00 AMT Net Income
0.00 AMT Computed Tax
Tax Withheld 0.00 AMT Tax Credits
Prior Year AMT Carryforward 0.00 Tax Owed by AMT
Tax Credits
Child Tax Credit California Alternative Minimum Tax
Estimated Tax Total Due 7,812.00 Adjustments and Preferences
Estimated Paid to Date 0.00 Other Adjustments/Prefs
Federal Tax Remaining 0.00 AMT Taxable Income
84,640.00 AMT Exemption
0.00 AMT Net Income
0.00 AMT Computed Tax0.00 Tax Owed by AMT
Legend
CA SDI Deductable Income
Round tax due to the dollar Taxes Owed
Child Tax Credit Dependents Remaining Taxes Due
Number of Dependents Tax Summary Information
CA Tax Rate 1% User-editable cell
CA Income 2% normal font normal data entry
CA Tax 2% boldface summation data entry
CA Tax Rate 2% title heading/subheadingCA Income 4% prose cell definition
CA Tax 4% 0.00 cell with narrative explanation
CA Tax Rate 4% 123.45 positive numeric value
CA Income 6% (123.45) negative numeric value
CA Tax 6% 2.90% percentage (example: 0.029)
CA Tax Rate 6%
CA Income 8%
CA Tax 8%
CA Tax Rate 8%
CA Income 9.3%
CA Tax 9.3%
CA Tax Rate 9.3%CA Income 10.3%
CA Tax 10.3%
CA Tax Rate 10.3%
CA Income 11.3%
CA Tax 11.3%
CA Tax Rate 11.3%
CA Income 12.3%
CA Tax 12.3%
8/10/2019 tax calculatio
14/32
Federal and State of California Tax Planner
CA Tax Rate 12.3%
CA Mental Health Surtax
CA Mental Health Income
CA Pers Limit Income
CA Pers Limit Rate
CA SDI/VPDI Tax Rate
CA SDI/VPDI Income MaxCA SDI/VPDI Tax Max
CA Standard Deduction
CA Pers Exemption Div
CA Pers Exemption Div
CA Pers Exemption
CA Dep Pers Exemption
AMT Income Exemption
AMT Income Exemption Limit
AMT Income Exemption Rate
AMT Low Income Tax Rate
AMT Medical Deduction Rate
8/10/2019 tax calculatio
15/32
Federal and State of California Tax Planner
Taxes Due Summary
0.00 Total Fed/CA Tax
0.00 Total Fed Tax
0.00 Total CA Tax
0.00 Medicare
0.00 SE Tax
0.00 FICA
0.00 Est Fed/CA Total Tax
0.00 Est Fed Total Tax
0.00 Est CA Total Tax
0.00 Est Fed Tax Paid to Date
0.00 Est CA Tax Paid to Date0.00 Est Fed/CA Tax Paid to Date
0.00 Fed Tax Remaining
0.00 CA Tax Remaining
0.00 Fed/CA Tax Remaining
Primary Job W2 Income Second Job W2 Income
0.00 January 0.00 January
0.00 February 0.00 February
0.00 March 0.00 March
0.00 April 0.00 April
0.00 May 0.00 May
0.00 June 0.00 June0.00 July 0.00 July
0.00 August 0.00 August
0.00 September 0.00 September
0.00 October 0.00 October
0.00 November 0.00 November
0.00 December 0.00 December
0.00 Total Income 0.00 Total Income
8/10/2019 tax calculatio
16/32
Federal and State of California Tax Planner
Schedule C Income Schedule C Expenses
0.00 January 0.00 January
0.00 February 0.00 February
0.00 March 0.00 March
0.00 April 0.00 April
0.00 May 0.00 May0.00 June 0.00 June
0.00 July 0.00 July
0.00 August 0.00 August
0.00 September 0.00 September
0.00 October 0.00 October
0.00 November 0.00 November
0.00 December 0.00 December
0.00 Total Income 0.00 Total Expenses
Federal Estimated Tax Payments California Estimated Tax Payments
0.00 January 0.00 January0.00 February 0.00 February
0.00 March 0.00 March
0.00 April 0.00 April
0.00 May 0.00 May
0.00 June 0.00 June
0.00 July 0.00 July
0.00 August 0.00 August
0.00 September 0.00 September
0.00 October 0.00 October
0.00 November 0.00 November
0.00 December 0.00 December
0.00 Total Est Tax Paid 0.00 Total Est Tax Paid
8/10/2019 tax calculatio
17/32
Federal and State of California Tax Planner
Federal and State of California Tax Planner Spreads
2014 Married Separate Filing Status
Quick Instructions
1. Fill in your primary W2 income in cells N38 through N49.
2. If you have a second source of W2 income, fill in cells R38 through R49.
3. Fill in cells B24 through B34 with other income sources (savings account interest, stock/bond divide
4. Fill in cells F21, and F24 through F33 with deductable expenses.
5. Fill in cell F61 with your federal withholding tax, and cell J46 with your state withholding tax.
6. Fill in cell B74 with your number of dependents.
7. If you have schedule C income, fill in cells N54 through N65, and associated expenses in cells R54
8. If you make federal estimated tax payments, fill in cells N70 through N81, and likewise for state esti
9. Only the gray color cells are editable.
10. All calculations are recomputed immediately after you make any change to a gray colored cell. Th
11. For easier navigation, maximize the Excel window and this spreadsheet, increase your display res
Federal Income Federal Deductions
0.00 Primary Job W2 0.00
0.00 Second Job W2 0.00
0.00 Schedule C 0.00
0.00 Bank #1 Interest 0.00
0.00 Bank #2 Interest 0.00
0.00 Money Market #1 Interest 0.00
0.00 Money Market #2 Interest 0.00
0.00 Nontaxable State Interest 0.00
0.00 Stock/Fund Qualified Div 0.00
0.00 Stock/Fund ST Div/Gains 0.00
0.00 Stock/Fund LT Cap Gains 0.000.00 Stock/Fund 60mo Cap Gains 0.00
0.00 CA Tax Refund 0.00
0.00 Other Income
0.00
0.00 Total Federal Gross 0.00
6,200.00
Federal Income Adjustments
0.00 Schedule C Expenses 3,950.00
0.00 1/2 SE Tax 0.00
0.00 Health Insurance Premium 3,950.00
0.00 Capital Losses This Year
0.00 Other Deductions 0.00
0.00 Total Federal Adjustments Federal Taxes Owed
0.00
Federal Income and Deduction Summary 0.00
0.00 Federal Adj Gross Income 0.00
0.00 Net Schedule C Income 0.00
0.00 Capital Losses Carryover 0.00
0.00 LT Cap Gains Taxable 0.00
8/10/2019 tax calculatio
18/32
Federal and State of California Tax Planner
0.00 60mo Cap Gains Taxable 0.00
0.00 Net Qualified Inc Taxable
0.00 Medical Deducts Inc Threshold 0.00
0.00 Misc Deducts Inc Threshold 0.00
0.00 Deducts Subject to Threshold 0.00
0.00 Charity Deducts Threshold
0.00 Net Income 0.000.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Federal Parameters California Parameters
1 Number of Dependents YES
0 Blind and/or Over 65 NO
YES Computed State Tax Deduction 0
YES One Wage Earner 0
NO Round tax due to the dollar 1.00%
10.00% Fed Tax Rate 10% 7,582.00
9,075.00 Fed Income 15% 75.82
907.50 Fed Tax 15% 2.00%15.00% Fed Tax Rate 15% 17,976.00
36,900.00 Fed Income 25% 283.70
5,081.25 Fed Tax 25% 4.00%
25.00% Fed Tax Rate 25% 28,371.00
74,425.00 Fed Income 28% 699.50
14,462.50 Fed Tax 28% 6.00%
28.00% Fed Tax Rate 28% 39,384.00
113,425.00 Fed Income 33% 1,360.28
25,382.50 Fed Tax 33% 8.00%
33.00% Fed Tax Rate 33% 49,774.00
202,550.00 Fed Income 35% 2,191.48
54,793.75 Fed Tax 35% 9.30%35.00% Fed Tax Rate 35% 254,250.00
228,800.00 Fed Income 39.6% 21,207.75
63,981.25 Fed Tax 39.6% 10.30%
39.60% Fed Tax Rate 39.6% 305,100.00
15.00% Fed LT Cap Gains Tax Rate 26,445.30
15.00% Fed 60mo Cap Gains Tax Rate 11.30%
0.00% Fed Low Income CG Tax Rate 508,500.00
20.00% Fed High Cap Gains Tax Rate 49,429.50
8/10/2019 tax calculatio
19/32
Federal and State of California Tax Planner
225,000.00 Fed High Cap Gains Inc Limit 12.30%
3.80% Investment Inc Surtax 3.8% 1.00%
125,000.00 ACA Surtax Cliff 1,000,000.00
6,200.00 Fed Standard Deduction 172,615.00
1,200.00 Fed Additional Deduction 6.00%
3,950.00 Fed Pers Deduction 1.00%
1,250.00 Fed Pers Deduction Div 101,636.00152,525.00 Fed Pers Limit Income 1,016.36
2.00% Fed Pers Limit Rate 3,906.00
1,000.00 Fed Child Tax Credit 1,250.00
55,000.00 Fed Child Tax Income Max 6.00
1,000.00 Fed Child Tax Income Div 106.00
5.00% Fed Child Tax Income Sub 326.00
152,525.00 Fed Sched A Limit Income 42,319.00
3.00% Fed Sched A Limit Rate 158,700.00
80.00% Fed Sched A Limit Rate 25.00%
2.90% SE Medicare Tax Rate 7.00%
92.35% SE Income Limitation Rate 2.50%
0.00 SE Medicare Tax Max1.45% W2 Medicare Tax 1.45%
0.90% Medicare Surtax 0.9%
200,000.00 Medicare Surtax W/H Cliff
12.40% SE FICA Tax 12.4%
14,508.00 SE FICA Tax Max
117,000.00 SE FICA Income Max
400.00 SE Income Minimum
6.20% W2 FICA Tax 6.2%
100.00% Health Insur Premium Rate
1,500.00 Cap Losses Max
10.00% Medical Deductions Threshold
7.50% Senior Medical Ded Threshold
2.00% Misc Deductions Threshold
50.00% Charity Deductions Threshold
41,050.00 AMT Income Exemption
78,250.00 AMT Income Exemption Limit
25.00% AMT Income Exemption Rate
26.00% AMT Low Income Tax Rate
28.00% AMT High Income Tax Rate
91,250.00 AMT High Income Threshold
1,825.00 AMT High Income Deduction
2.50% AMT Medical Deduction Rate
165,000.00 AMT Additional Income Limit
8/10/2019 tax calculatio
20/32
Federal and State of California Tax Planner
heet
nds, etc.).
through R65.
mated tax in cells R70 through R81.
e "Taxes Owed" and "Taxes Due" areas show what taxes you may owe.
olution, and/or decrease the zoom factor in this spreadsheet.
California Income
Mortgage Interest 0.00 Federal Adjusted Gross
CA State Income Taxes 0.00 CA State-Only Taxable Income
CA SDI/VPDI 0.00 Minus CA Tax Refund
Local/City Income Taxes 0.00 Minus Nontaxable Income
CA Prior Year State Inc Taxes
Property Taxes 0.00 Total CA Gross
Personal Property Taxes
Home Loan Points California Deductions
Cash Donations 0.00 Fed Deducts w/o CA Inc Taxes
Noncash Donations 0.00 Limitation
Other Deductions 3,906.00 Adjusted DeductionsMedical and Dental
Miscellaneous 2% Deductions 0.00 Taxable CA Income
Total Gross Deductions California Taxes Owed
Limitation 0.00 State Income Tax
Adjusted Deductions 0.00 Other Taxes
0.00 Local/City Income Tax
Personal Deductions 0.00 CA SDI/VPDI Withheld
Limitation 0.00 CA SDI/VPDI Overpayment
Adjusted Pers Deductions 106.00 Adjusted Pers Exemptions
Taxable Federal Income 0.00 Normal Tax Due0.00 Normal + AMT Tax Due
Income Tax 0.00 Tax Withheld
Other Taxes 0.00 Prior Year AMT Carryforward
Medicare Withheld 0.00 Tax Credits
Medicare Surtax 0.00 Estimated Tax Total Due
Medicare Surtax over/underpaid 0.00 Estimated Paid to Date
FICA Withheld 0.00 CA Tax Remaining
8/10/2019 tax calculatio
21/32
Federal and State of California Tax Planner
FICA Overpayment
Federal Alternative Minimum Tax
SE FICA Tax 6,200.00 Adjustments and Preferences
SE Medicare Tax 0.00 Other Adjustments/Prefs
Total SE Tax 0.00 AMT Capital Gains Basis
0.00 AMT Taxable Income
Normal Tax Due 41,050.00 AMT ExemptionNormal + AMT Tax Due 0.00 AMT Net Income
0.00 AMT Computed Tax
Tax Withheld 0.00 AMT Tax Credits
Prior Year AMT Carryforward 0.00 Tax Owed by AMT
Tax Credits
Child Tax Credit California Alternative Minimum Tax
Estimated Tax Total Due 3,906.00 Adjustments and Preferences
Estimated Paid to Date 0.00 Other Adjustments/Prefs
Federal Tax Remaining 0.00 AMT Taxable Income
42,319.00 AMT Exemption
0.00 AMT Net Income
0.00 AMT Computed Tax0.00 Tax Owed by AMT
Legend
CA SDI Deductable Income
Round tax due to the dollar Taxes Owed
Child Tax Credit Dependents Remaining Taxes Due
Number of Dependents Tax Summary Information
CA Tax Rate 1% User-editable cell
CA Income 2% normal font normal data entry
CA Tax 2% boldface summation data entry
CA Tax Rate 2% title heading/subheadingCA Income 4% prose cell definition
CA Tax 4% 0.00 cell with narrative explanation
CA Tax Rate 4% 123.45 positive numeric value
CA Income 6% (123.45) negative numeric value
CA Tax 6% 2.90% percentage (example: 0.029)
CA Tax Rate 6%
CA Income 8%
CA Tax 8%
CA Tax Rate 8%
CA Income 9.3%
CA Tax 9.3%
CA Tax Rate 9.3%CA Income 10.3%
CA Tax 10.3%
CA Tax Rate 10.3%
CA Income 11.3%
CA Tax 11.3%
CA Tax Rate 11.3%
CA Income 12.3%
CA Tax 12.3%
8/10/2019 tax calculatio
22/32
Federal and State of California Tax Planner
CA Tax Rate 12.3%
CA Mental Health Surtax
CA Mental Health Income
CA Pers Limit Income
CA Pers Limit Rate
CA SDI/VPDI Tax Rate
CA SDI/VPDI Income MaxCA SDI/VPDI Tax Max
CA Standard Deduction
CA Pers Exemption Div
CA Pers Exemption Div
CA Pers Exemption
CA Dep Pers Exemption
AMT Income Exemption
AMT Income Exemption Limit
AMT Income Exemption Rate
AMT Low Income Tax Rate
AMT Medical Deduction Rate
8/10/2019 tax calculatio
23/32
Federal and State of California Tax Planner
Taxes Due Summary
0.00 Total Fed/CA Tax
0.00 Total Fed Tax
0.00 Total CA Tax
0.00 Medicare
0.00 SE Tax
0.00 FICA
0.00 Est Fed/CA Total Tax
0.00 Est Fed Total Tax
0.00 Est CA Total Tax
0.00 Est Fed Tax Paid to Date
0.00 Est CA Tax Paid to Date0.00 Est Fed/CA Tax Paid to Date
0.00 Fed Tax Remaining
0.00 CA Tax Remaining
0.00 Fed/CA Tax Remaining
Primary Job W2 Income Second Job W2 Income
0.00 January 0.00 January
0.00 February 0.00 February
0.00 March 0.00 March
0.00 April 0.00 April
0.00 May 0.00 May
0.00 June 0.00 June0.00 July 0.00 July
0.00 August 0.00 August
0.00 September 0.00 September
0.00 October 0.00 October
0.00 November 0.00 November
0.00 December 0.00 December
0.00 Total Income 0.00 Total Income
8/10/2019 tax calculatio
24/32
Federal and State of California Tax Planner
Schedule C Income Schedule C Expenses
0.00 January 0.00 January
0.00 February 0.00 February
0.00 March 0.00 March
0.00 April 0.00 April
0.00 May 0.00 May0.00 June 0.00 June
0.00 July 0.00 July
0.00 August 0.00 August
0.00 September 0.00 September
0.00 October 0.00 October
0.00 November 0.00 November
0.00 December 0.00 December
0.00 Total Income 0.00 Total Expenses
Federal Estimated Tax Payments California Estimated Tax Payments
0.00 January 0.00 January0.00 February 0.00 February
0.00 March 0.00 March
0.00 April 0.00 April
0.00 May 0.00 May
0.00 June 0.00 June
0.00 July 0.00 July
0.00 August 0.00 August
0.00 September 0.00 September
0.00 October 0.00 October
0.00 November 0.00 November
0.00 December 0.00 December
0.00 Total Est Tax Paid 0.00 Total Est Tax Paid
8/10/2019 tax calculatio
25/32
Federal and State of California Tax Planner
Federal and State of California Tax Planner Spreads
2014 Head-of-Household Filing Status
Quick Instructions
1. Fill in your primary W2 income in cells N38 through N49.
2. If you have a second source of W2 income, fill in cells R38 through R49.
3. Fill in cells B24 through B34 with other income sources (savings account interest, stock/bond divide
4. Fill in cells F21, and F24 through F33 with deductable expenses.
5. Fill in cell F61 with your federal withholding tax, and cell J46 with your state withholding tax.
6. Fill in cell B74 with your number of dependents.
7. If you have schedule C income, fill in cells N54 through N65, and associated expenses in cells R54
8. If you make federal estimated tax payments, fill in cells N70 through N81, and likewise for state esti
9. Only the gray color cells are editable.
10. All calculations are recomputed immediately after you make any change to a gray colored cell. Th
11. For easier navigation, maximize the Excel window and this spreadsheet, increase your display res
Federal Income Federal Deductions
0.00 Primary Job W2 0.00
0.00 Second Job W2 0.00
0.00 Schedule C 0.00
0.00 Bank #1 Interest 0.00
0.00 Bank #2 Interest 0.00
0.00 Money Market #1 Interest 0.00
0.00 Money Market #2 Interest 0.00
0.00 Nontaxable State Interest 0.00
0.00 Stock/Fund Qualified Div 0.00
0.00 Stock/Fund ST Div/Gains 0.00
0.00 Stock/Fund LT Cap Gains 0.000.00 Stock/Fund 60mo Cap Gains 0.00
0.00 CA Tax Refund 0.00
0.00 Other Income
0.00
0.00 Total Federal Gross 0.00
9,100.00
Federal Income Adjustments
0.00 Schedule C Expenses 7,900.00
0.00 1/2 SE Tax 0.00
0.00 Health Insurance Premium 7,900.00
0.00 Capital Losses This Year
0.00 Other Deductions 0.00
0.00 Total Federal Adjustments Federal Taxes Owed
0.00
Federal Income and Deduction Summary 0.00
0.00 Federal Adj Gross Income 0.00
0.00 Net Schedule C Income 0.00
0.00 Capital Losses Carryover 0.00
0.00 LT Cap Gains Taxable 0.00
8/10/2019 tax calculatio
26/32
Federal and State of California Tax Planner
0.00 60mo Cap Gains Taxable 0.00
0.00 Net Qualified Inc Taxable
0.00 Medical Deducts Inc Threshold 0.00
0.00 Misc Deducts Inc Threshold 0.00
0.00 Deducts Subject to Threshold 0.00
0.00 Charity Deducts Threshold
0.00 Net Income 0.000.00
0.00
0.00
0.00
1,000.00
0.00
0.00
0.00
Federal Parameters California Parameters
2 Number of Dependents YES
0 Blind and/or Over 65 NO
YES Computed State Tax Deduction 1
YES One Wage Earner 1
NO Round tax due to the dollar 1.00%
10.00% Fed Tax Rate 10% 15,174.00
12,950.00 Fed Income 15% 151.74
1,295.00 Fed Tax 15% 2.00%15.00% Fed Tax Rate 15% 35,952.00
49,400.00 Fed Income 25% 567.30
6,762.50 Fed Tax 25% 4.00%
25.00% Fed Tax Rate 25% 46,346.00
127,550.00 Fed Income 28% 983.06
26,300.00 Fed Tax 28% 6.00%
28.00% Fed Tax Rate 28% 57,359.00
206,600.00 Fed Income 33% 1,643.84
48,434.00 Fed Tax 33% 8.00%
33.00% Fed Tax Rate 33% 67,751.00
405,100.00 Fed Income 35% 2,475.20
113,939.00 Fed Tax 35% 9.30%35.00% Fed Tax Rate 35% 345,780.00
432,200.00 Fed Income 39.6% 28,331.90
123,424.00 Fed Tax 39.6% 10.30%
39.60% Fed Tax Rate 39.6% 414,936.00
15.00% Fed LT Cap Gains Tax Rate 35,454.97
15.00% Fed 60mo Cap Gains Tax Rate 11.30%
0.00% Fed Low Income CG Tax Rate 691,560.00
20.00% Fed High Cap Gains Tax Rate 66,713.48
8/10/2019 tax calculatio
27/32
8/10/2019 tax calculatio
28/32
Federal and State of California Tax Planner
heet
nds, etc.).
through R65.
mated tax in cells R70 through R81.
e "Taxes Owed" and "Taxes Due" areas show what taxes you may owe.
olution, and/or decrease the zoom factor in this spreadsheet.
California Income
Mortgage Interest 0.00 Federal Adjusted Gross
CA State Income Taxes 0.00 CA State-Only Taxable Income
CA SDI/VPDI 0.00 Minus CA Tax Refund
Local/City Income Taxes 0.00 Minus Nontaxable Income
CA Prior Year State Inc Taxes
Property Taxes 0.00 Total CA Gross
Personal Property Taxes
Home Loan Points California Deductions
Cash Donations 0.00 Fed Deducts w/o CA Inc Taxes
Noncash Donations 0.00 Limitation
Other Deductions 7,812.00 Adjusted DeductionsMedical and Dental
Miscellaneous 2% Deductions 0.00 Taxable CA Income
Total Gross Deductions California Taxes Owed
Limitation 0.00 State Income Tax
Adjusted Deductions 0.00 Other Taxes
0.00 Local/City Income Tax
Personal Deductions 0.00 CA SDI/VPDI Withheld
Limitation 0.00 CA SDI/VPDI Overpayment
Adjusted Pers Deductions 432.00 Adjusted Pers Exemptions
Taxable Federal Income 0.00 Normal Tax Due0.00 Normal + AMT Tax Due
Income Tax 0.00 Tax Withheld
Other Taxes 0.00 Prior Year AMT Carryforward
Medicare Withheld 0.00 Tax Credits
Medicare Surtax 0.00 Estimated Tax Total Due
Medicare Surtax over/underpaid 0.00 Estimated Paid to Date
FICA Withheld 0.00 CA Tax Remaining
8/10/2019 tax calculatio
29/32
Federal and State of California Tax Planner
FICA Overpayment
Federal Alternative Minimum Tax
SE FICA Tax 9,100.00 Adjustments and Preferences
SE Medicare Tax 0.00 Other Adjustments/Prefs
Total SE Tax 0.00 AMT Capital Gains Basis
0.00 AMT Taxable Income
Normal Tax Due 52,800.00 AMT ExemptionNormal + AMT Tax Due 0.00 AMT Net Income
0.00 AMT Computed Tax
Tax Withheld 0.00 AMT Tax Credits
Prior Year AMT Carryforward 0.00 Tax Owed by AMT
Tax Credits
Child Tax Credit California Alternative Minimum Tax
Estimated Tax Total Due 7,812.00 Adjustments and Preferences
Estimated Paid to Date 0.00 Other Adjustments/Prefs
Federal Tax Remaining 0.00 AMT Taxable Income
63,481.00 AMT Exemption
0.00 AMT Net Income
0.00 AMT Computed Tax0.00 Tax Owed by AMT
Legend
CA SDI Deductable Income
Round tax due to the dollar Taxes Owed
Child Tax Credit Dependents Remaining Taxes Due
Number of Dependents Tax Summary Information
CA Tax Rate 1% User-editable cell
CA Income 2% normal font normal data entry
CA Tax 2% boldface summation data entry
CA Tax Rate 2% title heading/subheadingCA Income 4% prose cell definition
CA Tax 4% 0.00 cell with narrative explanation
CA Tax Rate 4% 123.45 positive numeric value
CA Income 6% (123.45) negative numeric value
CA Tax 6% 2.90% percentage (example: 0.029)
CA Tax Rate 6%
CA Income 8%
CA Tax 8%
CA Tax Rate 8%
CA Income 9.3%
CA Tax 9.3%
CA Tax Rate 9.3%CA Income 10.3%
CA Tax 10.3%
CA Tax Rate 10.3%
CA Income 11.3%
CA Tax 11.3%
CA Tax Rate 11.3%
CA Income 12.3%
CA Tax 12.3%
8/10/2019 tax calculatio
30/32
Federal and State of California Tax Planner
CA Tax Rate 12.3%
CA Mental Health Surtax
CA Mental Health Income
CA Pers Limit Income
CA Pers Limit Rate
CA SDI/VPDI Tax Rate
CA SDI/VPDI Income MaxCA SDI/VPDI Tax Max
CA Standard Deduction
CA Pers Exemption Div
CA Pers Exemption Div
CA Pers Exemption
CA Dep Pers Exemption
AMT Income Exemption
AMT Income Exemption Limit
AMT Income Exemption Rate
AMT Low Income Tax Rate
AMT Medical Deduction Rate
8/10/2019 tax calculatio
31/32
Federal and State of California Tax Planner
Taxes Due Summary
0.00 Total Fed/CA Tax
0.00 Total Fed Tax
0.00 Total CA Tax
0.00 Medicare
0.00 SE Tax
0.00 FICA
0.00 Est Fed/CA Total Tax
0.00 Est Fed Total Tax
0.00 Est CA Total Tax
0.00 Est Fed Tax Paid to Date
0.00 Est CA Tax Paid to Date0.00 Est Fed/CA Tax Paid to Date
0.00 Fed Tax Remaining
0.00 CA Tax Remaining
0.00 Fed/CA Tax Remaining
Primary Job W2 Income Second Job W2 Income
0.00 January 0.00 January
0.00 February 0.00 February
0.00 March 0.00 March
0.00 April 0.00 April
0.00 May 0.00 May
0.00 June 0.00 June0.00 July 0.00 July
0.00 August 0.00 August
0.00 September 0.00 September
0.00 October 0.00 October
0.00 November 0.00 November
0.00 December 0.00 December
0.00 Total Income 0.00 Total Income
8/10/2019 tax calculatio
32/32
Federal and State of California Tax Planner
Schedule C Income Schedule C Expenses
0.00 January 0.00 January
0.00 February 0.00 February
0.00 March 0.00 March
0.00 April 0.00 April
0.00 May 0.00 May0.00 June 0.00 June
0.00 July 0.00 July
0.00 August 0.00 August
0.00 September 0.00 September
0.00 October 0.00 October
0.00 November 0.00 November
0.00 December 0.00 December
0.00 Total Income 0.00 Total Expenses
Federal Estimated Tax Payments California Estimated Tax Payments
0.00 January 0.00 January0.00 February 0.00 February
0.00 March 0.00 March
0.00 April 0.00 April
0.00 May 0.00 May
0.00 June 0.00 June
0.00 July 0.00 July
0.00 August 0.00 August
0.00 September 0.00 September
0.00 October 0.00 October
0.00 November 0.00 November
0.00 December 0.00 December
0.00 Total Est Tax Paid 0.00 Total Est Tax Paid
Recommended