2026 Tax Calculator | Pinnacle Tax Professionals

Income from your job

Your wages (W-2, box 1)

Tips included in those wagesSince 2025: up to $25,000 of qualified tips can be deducted.

Overtime premium included (the extra half of time-and-a-half)Since 2025: up to $12,500, or $25,000 when filing jointly, can be deducted.

Investment income

Taxable interest

Ordinary dividends

Of which qualified dividends

Short-term capital gain or lossInvestments held one year or less. Enter a loss as a negative number.

Long-term capital gain or lossInvestments held more than one year.

Business and side income

Net profit from self-employment or side workIncome minus business expenses, as on Schedule C. Enter a loss as a negative number.

Health insurance premiums you paid as self-employed

Other income

Unemployment compensation

Social Security benefits receivedThe total. We work out how much is taxable.

Taxable pensions and IRA withdrawals

Other taxable income

Your home and family

Mortgage interestInclude mortgage insurance (PMI): it is deductible again from 2026.

Property taxes

State and local income taxesDeductible with property taxes up to $40,400 in 2026.

Interest on a loan for a new U.S.-assembled car bought after 2024Since 2025: up to $10,000 can be deducted.

Child and dependent care costsNew for 2026: the credit can cover up to half of your costs.

Children or dependents in that care

Expenses you paid

Medical and dental expensesOnly the part above 7.5% of your income counts, and only if you itemize.

Student loan interest

Classroom expenses as a K-12 teacher

HSA contributions you made yourself

Gifts to charity

Cash donations to charityNew for 2026: up to $1,000 ($2,000 married filing jointly) counts even if you take the standard deduction.

Donated goods, at fair value

College and courses

Students in their first four years of college

Their tuition, fees and books

Other tuition (graduate school, job skills courses)

Saving for retirement

Traditional IRA contributions for 2026

Are you covered by a retirement plan at work?YesNo

Tax already paid

Federal income tax withheld (W-2 box 2 and 1099s)

Estimated tax payments for 2026

2026 Tax Refund Calculator

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