Note: The link that brought you here contains custom configuration options that differ from the "default" version of the calculator. If you'd like to use the calculator in its default state with the default policy options, click here.
Note that the "full expiration" scenario still includes an AMT patch for 2013. The goal with this calculator is to show the effects of the Bush and Obama tax cuts, and we consider AMT parameters to be somewhat of a separate issue.
Fiscal Cliff
Bush Tax Cuts
This calculator allows you to compare your federal tax burden under three scenarios - what you paid in 2012, what you'll pay this year as a result of the January 2nd Fiscal Cliff Compromise, and what you would have paid had the country gone fully "over the cliff."
This calculator gives you an estimate of your federal tax burden under a variety of scenarios. The three default scenarios are: full expiration of all Bush-era and Obama tax cuts, the Republican plan to extend the Bush-era tax cuts (H.R. 8, the Job Protection and Recession Prevention Act of 2012), and President Obama's plan to partially extend these cuts for families making under $250,000 per year ($200,000 for single filers) as well as extending tax cuts in the 2009 stimulus bill. Amounts shown are for tax year 2013, but this can be changed for other scenarios you might want to add.
Disclaimer: This is not a professional tax utility and provides only an estimate of your income tax liability.
This calculator should not be used for calculating one's own official income tax. No information entered into the tax calculator is stored in any way unless you choose to share it with others.
Some totals may not add up exactly due to rounding effects.
If you find any errors in the calculator, please read our FAQ first, and if you still believe you've found an error, you can email us here.
