Snapshot / Summary
Client snapshot & summary
The full breakdown behind the live snapshot above. Use Export proposal for a client-ready snapshot, or Export full tax plan to include selected strategies.
$0
Combined tax
Step 01
Client profile
Filing status, ages, and dependents drive every bracket, threshold, and credit. Set these first.
Client name
Names this saved projection and appears on the client deliverable.
Filing status
Drives every bracket, standard deduction, and phaseout.
Projection tax year
2025 reflects filed law; 2026–2028 apply projected figures.
Client address
Shown on the client deliverable; auto-filled from an imported 1040.
Spouse name
Shown on the client deliverable for joint returns.
Taxpayer age (year-end)
65+ unlocks the extra standard deduction and the OBBBA $6,000 senior bonus (2025 to 2028).
Spouse age (year-end)
Qualifying children under 17 (CTC)
$2,200 each; phases out above $400K MFJ / $200K others.
Other dependents (ODC)
$500 each, same phaseout.
State of residence
Step 02
Income
Enter annual totals. For a business or rental, switch to Build from detail to walk the client through deductions line by line and watch the tax move.
$0
Total income
Wages & compensation
Taxpayer W-2 wages (Box 1)
↘ Federal withholding↘ State withholding
$
Spouse W-2 wages (Box 1)
$
Other / supplemental wages
Bonuses, RSUs, option income.
$
Interest, dividends & capital gains
Taxable interest (1099-INT)
$
Tax-exempt interest
Informational. Counts toward SALT, NIIT and SS thresholds.
$
Ordinary dividends (1099-DIV 1a)
$
Qualified dividends (subset)
Taxed at LTCG rates. Already part of ordinary dividends above.
$
Short-term capital gain / (loss)
$
Long-term capital gain / (loss)
0% LTCG bracket applies up to the filing-status threshold (see Reference card).
$
Capital loss carryover (negative)
$
Business income — Schedule C / self-employment
Pass-through K-1s (entered net)
S-Corp K-1 ordinary (Box 1)
↘ QBI
$
Partnership K-1 ordinary (Box 1)
$
Guaranteed payments
Ordinary income, subject to SE tax for the receiving partner.
$
Passive K-1 income / (loss)
Tracked separately so passive losses net against passive income first.
$
Rental real estate
Retirement, Social Security & other
Pension / annuity (taxable)
$
Traditional IRA / 401(k) distributions
$
Social Security — gross received
Up to 85% taxable. Taxable portion computed below.
$
SS taxable portion (calculated)
$0
Unemployment
$
Alimony received (pre-2019)
$
Gambling / prizes / other ordinary
$
Step 03
Adjustments, deductions & QBI
Above-the-line adjustments reduce AGI first, then the tool takes the higher of itemized or standard, then QBI.
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AGI
Adjustments to income (reduce AGI)
Traditional IRA deduction
$
HSA contribution (not via payroll)
2026: $4,400 self / $8,750 family / +$1,000 at 55.
$
SEP / Solo-401(k) / SIMPLE (employer)
$
Self-employed health insurance
$
½ self-employment tax (auto)
↗ From business income
$0
Student loan interest (max $2,500)
$
Educator expenses
$
Alimony paid (pre-2019)
$
Early withdrawal penalty
$
Itemized deductions (Schedule A)
Unreimbursed medical (gross)
Only the part above 7.5% of AGI counts.
$
State income tax paid
$
Real estate property tax
$
Personal property tax (vehicle reg.)
$
SALT after cap (calculated)
2026 cap $40,400, phasing to $10,000 between $500K and $600K MAGI.
$0
Home mortgage interest
$
Investment interest expense
$
Charitable donations (total)
New for 2026: first 0.5% of AGI in gifts is not deductible (itemizer floor).
$
Casualty loss (declared disaster)
$
—
Qualified Business Income (199A)
Total QBI from pass-throughs
↗ Business income↗ S-Corp K-1
$
Is this an SSTB?
Health, law, accounting, consulting, financial services, etc.
W-2 wages paid by business(es)
$
UBIA of qualified property
$
QBI deduction (calculated)
$0
Step 04
Federal tax detail
Ordinary brackets, with LTCG and qualified dividends stacked on top and capped at actual taxable income, plus the surtaxes and credits.
$0
Federal tax
Taxable income
$0
Ordinary-rate income
$0
Preferential income taxed (LTCG + qual. div., capped at taxable income)
$0
Tax on ordinary income
$0
Tax on LTCG / qualified dividends
$0
AMT additional (simplified check)
$0
Self-employment tax
↘ ½ deducted above
$0
Additional Medicare (0.9%)
$0
Net investment income tax (3.8%)
$0
Credits
Child Tax Credit (after phaseout)
$0
Credit for other dependents
$0
Dependent care credit
$
Education (AOTC / LLC)
$
Retirement saver's credit
$
Residential clean energy
$
Energy-efficient home improvement
$
EV / clean vehicle
$
Foreign tax credit
$
Other credits (R&D, WOTC, etc.)
$
Step 05
Federal withholding & estimates
What's already been paid in. Drives the refund or balance due on the snapshot.
$0
Total paid in
Federal withholding (W-2 / 1099-R)
↗ W-2 wages
$
Prior-year refund applied
$
Q1 estimate (4/15)
$
Q2 estimate (6/15)
$
Q3 estimate (9/15)
$
Q4 estimate (1/15/27)
$
Other / catch-up payments
$
Step 06
State tax (Utah)
Flat 4.45% with the Utah Social Security credit handled automatically. Override the rate below if needed.
$0
State tax
State additions (other-state muni, etc.)
$
State subtractions (US bond interest, etc.)
$
State taxable income
$0
State rate override
Leave blank to use the selected state's schedule. Enter a decimal (e.g. 0.05) to force a flat rate.
Other state credits (my529, solar, EV)
$
State withholding / estimates paid
↗ W-2 wages
$
Planning framework
Tax strategy and planning framework
Walk these eight levers top-to-bottom in every client conversation. Model a what-if, compare two years, then open any step to drop the firm's go-to strategies straight into the tax plan.
What-if & year comparison
→
Hit Pin baseline on the snapshot, then change anything (or use these quick levers). The snapshot shows savings versus the pinned number.
Add retirement contribution
Defers ordinary income (SEP / Solo-401(k) / DB).
$
Add depreciation / cost seg
Year-one write-off against business income.
$
Add charitable / DAF gift
Bunch to clear the 0.5% AGI floor and beat the standard deduction.
$
Add HSA contribution
$
Strategy reference
Strategy library
180 strategies with IRC citations, implementation steps, and risk notes. Filter to focus a client conversation.
Quick reference
2026 key numbers
Source: IRS Rev. Proc. 2025-32 and the One Big Beautiful Bill Act. For planning, not a filed return.