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Supported tax situations

TaxAhead produces a projection for the 2026 tax year. This page sets out what it covers so you can tell at a glance whether it fits your situation.

Income

  • Wages and salary (Form W-2), including bonuses and vested RSUs
  • Self-employment and freelance income (Schedule C), with vehicle and depreciation expenses
  • Farm income (Schedule F)
  • Rental property, royalties, and partnership, S-corporation or trust income (Schedule K-1)
  • Interest, ordinary and qualified dividends, and capital gains or losses
  • Digital asset (cryptocurrency) gains
  • IRA, pension and annuity distributions, including early distributions
  • Social Security benefits
  • Unemployment, gambling winnings, and other miscellaneous income

Deductions and adjustments

  • Standard deduction, including the additional amounts for age 65+ and blindness
  • Itemized deductions: mortgage interest, state and local taxes, charitable gifts, medical expenses and gambling losses
  • Adjustments: self-employed health insurance, SEP and solo 401(k), HSA, traditional IRA and student loan interest
  • Qualified Business Income (QBI) deduction, including the wage and property limits
  • The 2025–2028 deductions for seniors, qualified tips and qualified overtime

Credits

  • Child Tax Credit and the Credit for Other Dependents, including the refundable portion
  • Earned Income Tax Credit, and the Michigan earned income credit (30% of the federal credit)
  • Child and dependent care credit
  • Education credits (American Opportunity and Lifetime Learning)

Taxes calculated

  • Federal income tax, including the separate rates on qualified dividends and long-term gains
  • Self-employment tax and the Additional Medicare Tax
  • Net Investment Income Tax
  • The additional tax on early retirement distributions
  • State income tax for the states listed above
  • Recommended quarterly estimated payments

States

State projections are available for the states below, for full-year residents. Choosing any other state still gives you a federal projection, and you can request a professional review for the state side.

With a state income tax: Arizona, California, Colorado, Georgia, Illinois, Maryland, Massachusetts, Michigan, Minnesota, New Jersey, New York, North Carolina, Ohio, Pennsylvania, Virginia.

No state income tax: Florida, Texas, Washington.

Not supported

  • Returns for more than one state, or part-year and non-resident state returns
  • Alternative Minimum Tax (AMT)
  • Passive activity loss limitations, including the $25,000 rental allowance
  • Losses or credits carried forward from earlier years
  • Foreign income, foreign tax credits and expatriate situations
  • Household employment taxes (Schedule H)
  • Estate, gift, trust and corporate returns
  • Amended returns, and any year other than 2026

Not sure whether your situation fits?

A projection is based on the information you provide and the situations listed above. Actual results may change if your information or circumstances change. If yours is more involved, an experienced tax professional can review it with you.

Request a professional review