{% extends "base.html" %}
{% block content %}
YTD Income
${{ ytd_total | money }}
Estimated Tax Owed
${{ estimate.total | money }}
~{{ estimate.effective_rate }}% effective rate
Set Aside So Far
${{ total_set_aside | money }}
{% if over_saved > 0 %}
Over-Saved
${{ over_saved | money }}
nice work!
{% else %}
Still Need to Set Aside
${{ still_needed | money }}
{% endif %}
{% if estimate.total > 0 %}
{% set pct = [(total_set_aside / estimate.total * 100), 100] | min | int %}
Tax savings progress
{{ pct }}% saved
{% endif %}
|
Self-employment income (Bonna + Car Flipping): ${{ ytd_se | money }} ·
W-2 income (Tony / Auto King): ${{ ytd_w2 | money }}
|
| Self-Employment Tax (SS + Medicare on SE income only) |
${{ estimate.se_tax | money }} |
| Federal Income Tax (~{{ rates.federal }}% after $30k MFJ deduction) |
${{ estimate.federal | money }} |
| Wisconsin State Tax (~{{ rates.wi_state }}% after $30k MFJ deduction) |
${{ estimate.wi_state | money }} |
| Total Estimated |
${{ estimate.total | money }} |
Adjust tax rates
| Quarter | Income | Est. Tax | Due |
|---|
{% for q in quarters %}
{{ q.label }} |
${{ q.income | money }} |
${{ q.estimate.total | money }} |
{{ q.due_date }} |
{% endfor %}
These are federal estimated payment deadlines. WI follows the same schedule.
+ Log Money Set Aside
{% if set_aside_log %}
| Date | Amount | Notes | |
|---|
{% for e in set_aside_log | sort(attribute='date', reverse=True) %}
| {{ e.date }} |
${{ e.amount | money }} |
{{ e.notes }} |
|
{% endfor %}
| Total Set Aside |
${{ total_set_aside | money }} |
|
{% else %}
Nothing logged yet. Every time you move money to your tax savings account, record it here.
{% endif %}
Heads up: These are estimates based on flat rates and may not perfectly match your actual tax bill. We recommend setting aside the estimated amount and working with a tax professional when it's time to file. The SE tax calculation uses the IRS method (92.35% of net income) and deducts half of SE tax before calculating income tax, which is how the IRS does it.
{% endblock %}