Interactive Year-End Tax Planner
Calculate your projected 2025 taxes and simulate various tax-saving strategies to find your optimal plan.
Enter Basic Information
Income Information
Deductions
Projected Tax Analysis
Total Estimated Federal Tax
$0
Retirement Account Optimization
Tax Savings from
$0
Retirement Contributions
(Based on AGI reduction)
Charitable Giving Strategy: Contribution Bunching
Instead of making smaller annual donations that may not exceed the standard deduction, "bunch" multiple years' worth of contributions into a single year to maximize your itemized deduction. Simulate the strategy below.
Additional Tax Savings From Bunching
$0
(over 3 years)
Advanced Real Estate Strategy: IRC Sec. 1031 Exchange Calculator
Calculate the tax implications of an IRC Sec. 1031 like-kind exchange to defer capital gains tax on the sale of investment property. Enter the details below to see the recognized (taxable) and deferred gain.
Relinquished Property
Replacement Property
Exchange Results Analysis
The 2026 "Tax Cliff": Key TCJA Provisions Set to Expire
At the end of 2025, without legislative action, many individual income tax provisions of the Tax Cuts and Jobs Act (TCJA) will expire. This means a significant tax increase for most taxpayers starting in 2026, requiring multi-year strategic planning now.
| Key Provision | Current Law (Through 2025) | Post-2025 Law (Projected) |
|---|---|---|
| Individual Tax Rates | 10, 12, 22, 24, 32, 35, 37% | 10, 15, 25, 28, 33, 35, 39.6% (Increase) |
| Standard Deduction (MFJ) | $30,000 (for 2025) | ~ $15,900 (2017 baseline, inflation-adjusted; sharp decrease) |
| SALT Deduction | $10,000 Cap | Cap Repealed (benefits high-tax states) |
| Qualified Business Income (QBI) Deduction | Up to 20% Deduction | Fully Repealed |
| Child Tax Credit | $2,000 per child | $1,000 per child (Decrease) |
| Gift & Estate Tax Exemption | ~ $14.4M per person | ~ $7M per person (Sharp decrease) |
Strategic Implication
Multi-year planning is key. Consider accelerating income (e.g., capital gain realization, Roth conversions) into the lower-tax years of 2024-2025, and deferring deductions (e.g., charitable giving) to 2026 and beyond when they will be more valuable against higher tax rates.