About TaxCut Calculator

TaxCut Calculator publishes free calculators and plain-English explainers for two kinds of questions people are asking right now: "how much will the new federal tax breaks save me?" and "what is the minimum wage going to be in 2027?"

Why this site exists

The 2025 tax law created four new deductions: no tax on overtime, no tax on tips, an enhanced deduction for people 65 and older, and a deduction for interest on new car loans. The rules are spread across the statute, IRS fact sheets, a new Schedule 1-A, Federal Register regulations and Revenue Procedures. We read those documents, work through the arithmetic on Schedule 1-A, and turn it into calculators you can use in a minute without handing over any personal information.

The same goes for minimum wage. Many states change their rates on January 1, and some, like Washington and Seattle, publish their numbers in the fall. We collect the official figures and show what they mean for a paycheck.

What we do not do

• We are not the IRS, the Department of Labor or any state agency, and we're not a law or accounting firm.
• We don't provide tax, legal or financial advice. See the disclaimer.
• Our calculators run in your browser. Numbers you type are not sent to our servers.

How we make money

The site is supported by advertising, including Google AdSense once approved. Ads never change the calculator results or which sources we cite. Details are in our privacy policy.

Accuracy and corrections

Every figure comes from an official source, which we link at the bottom of the page. Read our editorial policy to see how we verify numbers and how to report an error through the contact page.