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Need a good tax calculator
Old 06-05-2018, 11:26 AM   #1
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Need a good tax calculator

Our tax situation is about to change significantly, as I start SS this year, DW starts hers next year, and I have to start taking RMDs next year. And we still have our (small) pensions and the usual investment income.



I can't find a calculator/estimator that essentially mimics a Form 1040 with all the inputs & that reflects the new tax laws.


Any suggestions? Free is good.
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Old 06-05-2018, 11:34 AM   #2
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Any suggestions? Free is good.
I suggest using a good tax adviser/CPA.

Sometimes you get what you pay for.
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Old 06-05-2018, 11:55 AM   #3
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Tax caster? Estimates only.
Last time I used it, it also estimated 2018 taxes based on new tax laws.
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Old 06-05-2018, 12:04 PM   #4
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Here's one:

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

Read the instructions first.
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Old 06-05-2018, 12:06 PM   #5
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Estimator here also:
https://www.olt.com/main/home/taxestimator.asp
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Old 06-05-2018, 12:40 PM   #6
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This is what I needed, thanks. I like that it calculates tax using the Qualified Div and Cap Gain worksheet, giving the most realistic estimate.


I have used this same site to file in the past; pretty good, I think.


Thanks again....
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Old 06-05-2018, 12:49 PM   #7
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I like the Dinkytown 1040 calculator.
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Old 06-05-2018, 12:49 PM   #8
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Holy cow, we'll get a slight cut this year (TY2018) but our tax bill next year when everything kicks in will be 5-6 times what it was for TY2017!
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Old 06-05-2018, 01:13 PM   #9
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I like the Dinkytown 1040 calculator.

Also good, thanks!
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Old 06-05-2018, 01:47 PM   #10
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I like the Dinkytown 1040 calculator.

Hey my neck of the woods, Dinkytown! Nice little college town in MN...I actually new the guys that invented this calculator waaay back int he day.



I am actually astonished thus guy is still at it. I met him back in like 1998 or 1999 when I was shopping around at a DinkyTown computer store.


And i just checked out the calculator for 2018 and it looks solid.
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Old 06-05-2018, 01:48 PM   #11
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Holy cow, we'll get a slight cut this year (TY2018) but our tax bill next year when everything kicks in will be 5-6 times what it was for TY2017!



#Winning


??
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AA (Stock/Bond/Cash ): 96.5/0/3.5% MIX (Small/Mid/Large): 25/25/50% BLEND(US/Foreign): 100/0%, REIT (Real Estate Equity): ~50% of Assets

FIRE in 2031 @ 50yrs old (+/- 2yrs) w/ a hypothetical $2.5mil portfolio, 3 appreciated homes worth $1.0mil and rental income to fund my gap years until RMD. Assets will go to an inherited IRA where I plan on watching the investments grow until I die or the trust gets executed.
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