W-4 Withholding Calculator

How To Use the Withholding Calculator
Step 1: Enter the dollar amount of your most recent tax refund. If you owed money when you filed your taxes, enter a negative value.
Step 2: Select your preferred tax outcome.
Step 3: If you selected that you want …

Lottery Tax Calculator: How Your Winnings Are Taxed

No doubt about it, winning the lottery dramatically changes a person’s life. A financial windfall of that magnitude quickly grants you a level of financial freedom you probably have trouble imagining.

But becoming a Meg…

What are Capital Gains Taxes?

You’ve heard the term capital gains tax (CGT). But what is that exactly?
Is that something you pay?
If so, when?
Whenever you sell something – a house, car, company stock, or even gold or silver coins – you typically either make or lo…

Earned Income Tax Credit Calculator

The Earned Income Tax Credit is a refundable tax credit designed in part to reduce the tax burden on low income individuals and families both with and without children.  In 2017, the maximum credit was $6,318 ($6,431 in 2018).Earned Income Tax Cre…

Capital Gains Tax Calculator

If you sell stocks, Bitcoin or a large asset, such as a car or boat, for a profit, you may be on the hook to pay capital gains taxes on that income.  Capital gains are broken into two categories based on the timing of their sale date. Short-term c…

Bitcoin Tax Calculator

If you are a U.S. resident that invested in Bitcoin or other cryptocurrencies in 2017, you may have recently received a tax document from the trading platform or cryptocurrency exchange you use and may need to pay taxes. While there is currently very l…