Federal Tax Calculator 2025

Section 0

Client

Name · identifier · planner notes

Client name

Used as the saved record's display name.

Identifier (optional)

No external lookup; for your own filing reference.

Planner notes (optional)

Section I

Filing Profile

Filing status · age · dependents

Filing status

Taxpayer

Age

Legally blind

Spouse

Age

Legally blind

Dependents

Qualifying children (under 17)$2,200 CTC each

Other dependents$500 ODC each

Section II

Earned Income

W-2 · 1099 · Schedule C

Wages, salaries (W-2 Box 1)

Federal income tax withheldW-2 Box 2 + other

Self-employment / 1099 netAfter business expenses

Section III

Portfolio Income

Schedule B · Schedule D

Taxable interest

Tax-exempt interestAffects SS taxability

Ordinary dividends (total)1099-DIV Box 1a

of which qualified1099-DIV Box 1b

Short-term capital gain / (loss)

Long-term capital gain / (loss)

Section IV

Retirement Income

1099-R · SSA-1099

IRA distributions (taxable)

Pensions & annuities (taxable)

Social Security benefits (gross)Up to 85% taxable

Section V

Deductions & Payments

Schedule A · estimated payments

Itemized deductions (Schedule A)Used if greater than standard

Estimated tax payments (Q1–Q4)

Section VI

Marginal Bracket Fill

2025 ordinary rates · LTCG / QD layer

Enter income to see the marginal-bracket fill.

Sources: IRS Rev. Proc. 2024-40 (2025 inflation adjustments), IRS Pub. 17, IRS Pub. 915, and the One Big Beautiful Bill Act (OBBBA, July 2025). The senior bonus deduction is modeled per the 2025–2028 OBBBA provision: $6,000 per qualifying taxpayer age 65+, phased at 6% above MAGI of $75,000 single / $150,000 joint. Estimates exclude state tax, AMT, ACTC refundability, QBI deduction, IRMAA surcharges, and any phase-outs not modeled.

Statement of Estimated Federal Tax

Tax Year 2025

Filing StatusMarried Filing Jointly

Estimated Refund

—

Total tax: —Effective rate: 0.00%Marginal: 0%

Income

Wages, salaries (W-2)

—

Self-employment / 1099

—

Taxable interest

—

Ordinary dividends

—

Net capital gain / (loss)

—

IRA distributions (taxable)

—

Pensions & annuities

—

Total income

—

Adjustments & AGI

Adjusted Gross Income (AGI)

—

Deductions

Standard deduction

$31,500

Total deduction used

-$31,500

Taxable income

—

Tax Computation

Ordinary income taxon —

—

Tax before credits

—

Income tax after credits

—

Total federal tax

—

Payments

Federal withholding

—

Total payments

—

Medicare IRMAA Worksheet · 2025

STANDARD · NO SURCHARGE

IRMAA is informational here — no household member is shown as enrolled in Medicare. Tier shown reflects what would apply if they were.

Adjusted Gross Income (AGI)

—

Tax-exempt interest (Form 1040 line 2a)Added back for IRMAA

—

Modified AGI for IRMAA (1 + 2)

—

Note: 2025 IRMAA is officially based on the 2023 tax-year MAGI (the 2-year lookback rule). The current scenario MAGI is shown as a planning proxy unless a lookback override is supplied.

Bracket Determination

Filing basis for IRMAA

Joint

Tier reached

Standard

MAGI bracket range

— – $212,000

Margin to next IRMAA cliffPlan distributions to stay below

$212,000

Tier	MAGI (MFJ)	Part B	Part D
Standard	≤$212,000	$185.00	—
Tier 1	$212,000 – $266,000	$259.00	+ $13.70
Tier 2	$266,000 – $334,000	$370.00	+ $35.30
Tier 3	$334,000 – $400,000	$480.90	+ $57.00
Tier 4	$400,000 – $750,000	$591.90	+ $78.60
Tier 5 (Top)	> $750,000	$628.90	+ $85.80

Per-Person Monthly Premium

Standard Part B premium

$185.00

Part B IRMAA surcharge

—

Part B total / month / person

$185.00

Part D plan premium (assumed)Edit in inputs

—

Part D IRMAA surcharge

—

Part D total / month / person

$0.00

Household Total

Beneficiaries on Medicare ( 0 )

—

Monthly household premium total

$0.00

Annual household premium total

—

Annual IRMAA surcharge ONLYHidden tax cost

—

No member of the household is shown as enrolled in Medicare; IRMAA is informational only. Toggle Medicare enrollment in the worksheet inputs if the client is on Medicare regardless of age. Sources: CMS Fact Sheet (Nov 8, 2024) — 2025 Part B premium $185.00; SSA POMS HI 01101.020.

Refund expected

—

Estimate based on 2025 federal rules (IRS Rev. Proc. 2024-40, OBBBA), CMS 2025 IRMAA Fact Sheet, and IRS Pub. 915. Excludes state tax, AMT, ACTC refundability, QBI, and any phase-outs not modeled. For planning discussion only.