Has anyone tried this calculator which claims to have all of the new tax law incorporated into it?
Well, it certainly does not take into account tax changes re pass through businesses.
The tax calculator doesn't claim to have all the new tax law incorporated. The FAQ lists some of what it doesn't include. The FAQ doesn't note that the calculator doesn't apply the preferential rates for Long Term Capital gains and Qualified Dividends so it won't be very useful for people with investment income.
Overall, a quick and dirty estimator useful for people with simple tax returns that don't have Investment or Pass-Thru income.
Agreed, a quick estimator. Medical, for example, needs to be entered manually, as part of itemized deductions, meaning, it should be reduced by 7.5% AGI, up front. That said, a very nice quick calculator.
Same for pass through. If you are eligible for pass through, just deduct 20% of your income
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