I want a decent calc of my taxes now that I've received final paychecks before year end so I could make final tweaks like charitable donations to increase my itemized deductions. Is the tax withholding calculator on the IRS website a good proxy, or are good drafts of 1040 available? I could use last year's forms, but I'm feeling uncertain about the tax bill implications.
At the very least, I'd like to know what the final tax brackets are for 2025 if that's available.
Posted by AdBoring6247
6 Comments
Last year forms won’t work well. You can try the IRS one, but I don’t think it was every updated to reflect the big tax law changes. You can plug your info into free software, like fretaxusa.com. That is what I’d do.
What difference does it make if you have current tables?
Are you charitable? Give
You tell me the difference between giving or not is a tax bracket?
The draft 2025 forms are available, if you google for them. Tax brackets are as well, and standard deduction (but note that it’s $15,750 for single filers, not $15,000; anything that says $15,000 is out of date and pre-OBBBA).
They have been out for a while.
Depending on the level of detail you’re looking for, I like:
* https://www.mortgagecalculator.org/calcs/1040-calculator.php (simpler)
* http://excel1040.com (complex)
Freetaxusa can already prepare a 2025 return.