Tax Deductions 2025–2026 calculators
The One Big Beautiful Bill Act (Public Law 119-21), signed on July 4, 2025, created four new federal deductions for tax years 2025 through 2028: up to $25,000 for qualified tips, up to $12,500 ($25,000 for joint filers) for qualified overtime, up to $10,000 of interest on a loan for a new U.S.-assembled vehicle, and an extra $6,000 deduction for people 65 and older.
All four are available whether or not you itemize, and all four phase out at higher incomes. These calculators apply the caps and phase-outs and then run the numbers through the federal tax brackets, so you see the tax you actually save — not just the size of the deduction.
No tax on tips, overtime and other new deductions
Estimate the four deductions added for 2025 to 2028: tips, overtime, car loan interest and the extra senior deduction, and see who qualifies.
Schedule 1-A Calculator: New Tax Deductions
Stack the tips, overtime, car loan interest and senior deductions and see your total tax savings.
No Tax on Tips Calculator
Estimate the deduction for qualified tips (up to $25,000) and your tax savings.
No Tax on Overtime Calculator
Work out your qualified overtime and the federal tax the new deduction saves.
Car Loan Interest Deduction Calculator
Estimate the new up-to-$10,000 deduction for new-car loan interest (2025–2028).
Senior Bonus Deduction Calculator ($6,000)
Estimate the new $6,000 deduction for people 65 and older, after the income phase-out.
Tax refund, tax brackets and year-end tax planning
Estimate your refund, check your take-home pay, check this year’s brackets and standard deduction, size a Roth conversion and work through the moves to make before December 31.
Paycheck Calculator: Take-Home Pay After Tax
See your take-home pay per paycheck after federal tax, Social Security and Medicare, for 2026 or 2027.
Tax Refund Calculator 2026
Estimate your 2026 federal refund or amount owed, with the child tax credit, EITC and the new tips, overtime and senior deductions.
Roth Conversion Calculator: Tax and IRMAA Impact
See the tax on a Roth conversion, how much fits in your bracket, and whether it triggers IRMAA.
2026 tax brackets and standard deduction
See the 2026 federal income tax brackets and standard deductions for every filing status, the extra deductions for people 65 and older and 2025 rates.
TaxesYear-End Tax Checklist for 2026: 10 Moves to Make Before December 31
Year-end tax checklist for 2026: what to do before December 31 to lower your taxes, from retirement contributions and Roth conversions to ACA and IRMAA limits.
Which tax calculator do you need?
- Several of the new deductions apply? Use the Schedule 1-A calculator to stack tips, overtime, car loan interest and the senior deduction in one place.
- Tipped worker? The no tax on tips calculator applies the $25,000 cap and the phase-out.
- Paid overtime? The no tax on overtime calculator works out the qualified “half” of time-and-a-half.
- Bought a new U.S.-assembled car with a loan? The car loan interest deduction calculator can even estimate the year’s interest from your loan terms.
- Age 65 or older? The senior deduction calculator applies the 6% income phase-out.
- Thinking about a Roth conversion? The Roth conversion calculator shows the tax, the room left in your bracket and the effect on IRMAA.
Deductions vs. tax savings
A deduction lowers taxable income, so the tax you save is roughly the deduction times your marginal tax rate — not the full deduction. That is why each calculator runs your numbers through the actual federal brackets for 2025 or 2026. These new deductions also do not reduce AGI, so they will not change income-tested amounts such as ACA subsidies or Medicare IRMAA.