U.S. Tax Planning Toolkit
Navigate Your Taxes with Confidence
This interactive toolkit, based on key U.S. tax compliance principles, helps you model different financial scenarios and uncover potential tax-saving strategies.
Equity Compensation Analyzer
Model the tax impact of Nonstatutory Stock Options (NSO), Incentive Stock Options (ISO), and Restricted Stock Units (RSU).
Nonstatutory (NSO)
Ordinary Income (at Exercise)
$15,000
Capital Gain (at Sale)
$15,000
Incentive (ISO)
Ordinary Income (at Exercise)
$0
AMT preference may apply.
Long-Term Capital Gain (at Sale)
$30,000
Restricted Stock (RSU)
Ordinary Income (at Vest)
$25,000
Capital Gain (at Sale)
$15,000
Deduction Strategy Lab
See the power of "bunching" to maximize your itemized deductions.
Savings Account Analyzer
Compare FSA and HSA tax advantages.
FSA
Pre-tax funding for medical/dependent care.
"Use-it-or-lose-it" rule.
$3,050
Max 2023 Health FSA Cont.
HSA
Triple-tax advantaged: pre-tax funding, tax-free growth & withdrawals.
Funds roll over & can be invested.
$7,750
Max 2023 Family Cont.
Key Takeaway: HSAs offer superior wealth-building potential and act like a "super IRA" for medical costs.
Loss Limitation Navigator
A business loss isn't automatically deductible. It must clear four sequential hurdles. Here's how to navigate them.
The Four Hurdles Journey
Tax Basis
Losses can't exceed your investment in the entity. Crucially, partnership basis includes entity debt; S-Corp basis does not.
At-Risk
Deductions are limited to the amount you're personally at risk of losing. An exception exists for "qualified nonrecourse financing" in real estate.
Passive Activity Loss (PAL)
Passive losses can only offset passive income, unless you qualify for an exception. This is the most complex hurdle.
Excess Business Loss (EBL)
A final cap limits total net business losses per year (2023: $289k Single / $578k Joint).
PAL Exception 1: $25,000 Allowance
For "active" landlords with moderate income. Your deduction phases out between $100k-$150k MAGI.
PAL Exception 2: Real Estate Professional (REP)
The key for high-earners to deduct unlimited rental losses. Do you qualify?
Global Tax & Loan Simulator
Model foreign income and imputed loan interest scenarios.
🌍 Foreign Earned Income Exclusion (FEIE)
Maximum 2023 Exclusion
$120,000
💸 Imputed Interest on Below-Market Loans
Foregone Interest (to report)
$1,000
Tax Payment Forecaster
Check if you meet "safe harbor" rules to avoid an underpayment penalty.