Download Free Federal Income Tax Templates In Excel

In this article, we will discuss the Traditional IRA Calculator which will be helpful to you to decide the amount of savings you need to invest for your retirement goals. IRA stands for Individual Retirement Account. A Traditional IRA is a type individual retirement account. Investing in traditional IRA helps you grow your earnings tax-deferred. In […]

In this article, we will discuss the Roth IRA Calculator. This calculator helps you to decide the amount of contribution amount you need to put in Roth IRA to achieve your retirement goals. In our previous article, we have discussed the Traditional IRA Calculator. As we know, IRA stands for Individual Retirement Account. A Roth […]

AGI or Adjusted Gross Income Calculator helps you calculate define your tax bracket as well as your tax liability. AGI is is the basis of several tax thresholds. It also helps to determine the eligibility for certain tax credits. AGI is your total income less of allowable deductions. We have created an easy and ready to use Adjusted […]

Modified Adjusted Gross Income Calculator is an excel sheet which helps you calculate your MAGI very easily and accurately. MAGI is calculated by adding back several deductions to your AGI – Adjusted Gross Income. Usually, MAGI is useful for determining the eligibility of Roth IRA Contributions as well as other IRA deductions. Several tax credits […]

Choosing the right IRA affects your and your family’s long-term savings as well as retirement goals. Traditional VS Roth IRA Calculator helps you to easily compare the outputs of investing in these IRAs. It is necessary for us to understand the difference between Traditional IRAs and Roth IRAs. This will help you choose the best IRA […]

Simple Tax Estimator is an Excel Template to help you compute/estimate your federal income tax. This template consists of computations of your adjustments, Tax credit, itemized deductions etc. A user needs to input the in respective cells and it will automatically estimate your tax liability. Filing deadline and due date for Federal Income Tax Returns […]

Itemized Deductions Calculator is an excel template. It helps the taxpayer to choose between Standard and Itemized Deductions. A taxpayer needs to choose between itemized or standard deduction while filing the federal tax returns. The standard deduction is a fixed dollar amount to be deducted from taxable income with no questions asked. Whereas the itemized deductions […]

Schedule B Calculator is an excel template that consists of calculations of taxable interest and ordinary dividends under Schedule B of Form 1040 and 1040A for federal income tax. Interests and dividend incomes received during a tax year are reported in Schedule B. It is not mandatory to file Schedule B for taxpayer every year. A […]

Child Tax Credit Calculator is an excel template that can help you to easily calculate your Child Tax Credit amount. Child Tax Credit is a provision in federal income tax that offsets the many expenses related to raising children. The phase-out begins at an adjusted gross income of $ 75,000 for single and head of […]

401k Calculator is an excel template that helps you to calculate the total amount of money you could save during until your retirement age. A 401k Retirement Plan is a savings and investing plan offered by employers to his employees that gives a tax break on money they set aside for retirement. For the year […]

Section 179 Deduction Calculator is an excel template to help you calculate the amount you could save on your tax bill by taking the Section 179 Deduction. As we all know Section 179 deduction is an immediate expense available to business owners on the purchase of business equipment during the tax year instead of depreciating or […]

We have created a simple and easy Adoption Tax Credit Calculator Excel template with predefined formulas and formatting. Enter your actual incurred expenses for the adoption process and it will automatically calculate the claimable adoption credit for you.