Join Early Retirement Today
Reply
 
Thread Tools Search this Thread Display Modes
2018 1040 Tax spreadsheet
Old 12-23-2017, 10:56 AM   #1
Full time employment: Posting here.
 
Join Date: Jul 2013
Posts: 704
2018 1040 Tax spreadsheet

I found this website a few months ago and have used it to model some possible changes in our tax situation. I see that he has incorporated what he believes are the changes for 2018 into his spreadsheets

https://sites.google.com/site/excel1...er-new-tax-law

I have seen several folks ask for online calculators to model the impact of changes. Perhaps this is of interest to some people.
__________________

__________________
In alcohol's defense- I've made some pretty bad decisions while completely sober.
35 years @ MegaCorp Engineering, 6 years encore teaching Engineering at alma mater, retired May 2019.
Clone is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Old 12-23-2017, 04:54 PM   #2
Thinks s/he gets paid by the post
zinger1457's Avatar
 
Join Date: Jul 2007
Posts: 2,041
That file may be perfectly safe but it's really not good practice to be downloading and using spreadsheets from an anonymous online source. I have my own tax estimator included in my budget spreadsheet and in my case it looks like the changes are minor (new tax brackets and standard deduction changes).
__________________

zinger1457 is offline   Reply With Quote
Old 12-24-2017, 06:01 AM   #3
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
audreyh1's Avatar
 
Join Date: Jan 2006
Location: Rio Grande Valley
Posts: 22,181
Because all changes that affect me are simply changing numbers (some will go to zero), my current estimated tax spreadsheets will still work thankfully. The numbers have to be updated annually anyway.

I’m relieved because I am using the annualized income method for estimating taxes next year since I expect our 2018 income to be half or less than this year’s income. Safe harbor rules would have me way overpaying estimated taxes.
__________________
Retired since summer 1999.
audreyh1 is offline   Reply With Quote
Old 12-24-2017, 07:35 AM   #4
Recycles dryer sheets
jetpack's Avatar
 
Join Date: Aug 2013
Posts: 415
now if I could just find something like this for small businesses
jetpack is offline   Reply With Quote
Old 12-24-2017, 08:09 AM   #5
Thinks s/he gets paid by the post
 
Join Date: Jan 2008
Posts: 1,014
Quote:
Originally Posted by Clone View Post
I found this website a few months ago and have used it to model some possible changes in our tax situation. I see that he has incorporated what he believes are the changes for 2018 into his spreadsheets

https://sites.google.com/site/excel1...er-new-tax-law

I have seen several folks ask for online calculators to model the impact of changes. Perhaps this is of interest to some people.
The tab labeled "Line 44" which is the QD-CG tax calculation appears to be using the 2017 thresholds rather than the top of the 12% bracket. I have emailed the author to see if he concurs.
jebmke is offline   Reply With Quote
Reply

Tags
1040, 2018, spreadsheet, taxes


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Obamacare MAGI calculation - Foreign Tax Credit(Line 48 from 1040) retire2020 Health and Early Retirement 5 08-31-2017 12:05 PM
1040 Occupation mattbaxx FIRE and Money 44 01-24-2013 06:36 PM
help, think I need a amended 1040 ER_Hopeful FIRE and Money 3 11-22-2009 12:12 PM
Tracking basis with spreadsheet, how to structure the spreadsheet? bamsphd FIRE and Money 13 08-03-2009 09:31 AM
What I learned in 1040 class. Martha FIRE and Money 72 12-22-2005 06:57 PM

» Quick Links

 
All times are GMT -6. The time now is 03:01 AM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2019, vBulletin Solutions, Inc.