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⚠️ This is an estimation tool only. Results are based on simplified assumptions and 2025 tax rules. Your actual tax liability depends on your complete financial picture, deductions, credits, and specific circumstances. This is not tax advice. Always consult a licensed tax professional before filing.
Free Estimator — 2025 Tax Year

Get a Ballpark on
What You Might Owe

Enter your income details and we'll estimate federal, SE, and state taxes based on 2025 rules. W-2 bracket stacking included.

✓ W-2 + Trading combined ✓ Prop firm SE tax ✓ Section 1256 60/40 ✓ NIIT if applicable ✓ All 50 states
Step 1 of 4 — Your Income 25%
Step 1 of 4
Your 2025 Income
Include all income sources. W-2 wages and trading income stack together in the federal brackets — this matters a lot for your estimate.
⚠️ Heads up — bracket stacking applies. Your W-2 income fills the lower brackets first. Your trading income then gets taxed at whatever bracket you're already in. Someone earning $75K salary + $40K prop payouts often pays nearly double the federal rate on their trading income vs someone with no W-2.
Your total gross salary from all employers. Leave blank or 0 if you have no day job.
Total realized gains minus losses. Negative = net loss. Futures goes in the next field.
Section 1256 — gets 60/40 treatment. Separate from other trading P&L.
Total withdrawals from Apex, FTMO, TopStep, Tradeify, etc. Not trading profit — SE income.
Any other self-employment income outside of trading
Platform fees, eval costs, education, home office. Reduces SE taxable income.
💡 Prop firm payouts are always SE income — even if you lost money on evaluations, even if you got no 1099. The IRS sees the bank deposit. SE tax (15.3%) applies on top of income tax.
⚠️ Estimates only — not tax advice. Actual results will differ.
Step 2 of 4
Your Trading Profile
Instrument type, filing status, and entity structure all change the calculation.
What do you trade? (select all)
📊
Stocks / ETFs
Short/long-term rates
⚡
Options
Ordinary income rate
🔢
Futures
Sec 1256 — 60/40
💱
Forex
Sec 988 ordinary
₿
Crypto
Every trade taxable
🏢
Prop Firm
SE tax on payouts
Filing Status
Single
Married Filing Jointly
Head of Household
Holding Period (most trades)
Mostly short-term (<1yr)
Mix of short & long
Mostly long-term (1yr+)
Business Entity
No Entity
LLC (disregarded)
S-Corp
🏢 S-Corp note: An S-Corp doesn't eliminate SE tax — it reduces it by splitting income between salary (SE tax applies) and distributions (no SE tax). This estimate assumes no S-Corp salary split.
⚠️ Estimates only — not tax advice.
Step 3 of 4
State of Residence
State tax is a major part of your total bill — from 0% in Texas and Florida to over 13% in California.
🤠 Texas: No state income tax. Your only taxes are federal and SE tax — no state burden at all.
⚠️ Estimates only — not tax advice.
🔒
Your estimate is ready
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Federal estimate SE tax State tax Potential savings
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⚠️ These are estimates only — not your actual tax bill. This tool uses simplified 2025 bracket math, standardized deductions, and flat state rates. It does not account for: itemized deductions, tax credits, AMT, carry-forward losses, multiple state returns, marriage penalty, or dozens of other factors that affect real returns. Treat this as a rough ballpark, not a filing number.

📊 Your 2025 Tax Estimate

Based on your inputs — rough estimate only

Estimated Total Tax
—
Federal + SE + State (combined rough estimate)
Potential Savings w/ TraderTax
—
Through deductions, elections & entity strategy
Estimated Effective Rate
—
Of total gross income (rough estimate)
Estimated After-Tax Income
—
Rough take-home after all taxes
📋 Income Breakdown
W-2 / Salary Income
Employer wages — fills lower brackets first
$0
Trading P&L (stocks/options/forex)
Short-term = ordinary rate
$0
Futures P&L
Sec 1256: 60% taxed at LT rate, 40% at ST rate
$0
Prop Firm Payouts
Self-employment income — SE tax applies
$0
Deductible Expenses
Platform fees, evals, education, home office
-$0
Total Gross Income (estimated)
$0
🏛️ Federal Tax Calculation (Estimated)
Adjusted Gross Income (AGI)
After SE deduction (½ of SE tax deducted from income)
$0
Standard Deduction
2025 standard deduction
-$0
Taxable Income
What federal brackets actually apply to
$0
Federal Income Tax
2025 brackets applied to taxable income
$0
💼 Self-Employment Tax Calculation (Estimated)
Total SE Income
Prop firm payouts + other 1099 income − deductible expenses
$0
SE Tax Base (× 92.35%)
$0
Social Security Tax (12.4%)
On SE base up to $176,100 SS wage base (2025)
$0
Medicare Tax (2.9%)
$0
SE Deduction (½ of SE tax)
$0
Total SE Tax
$0
🗺️ State Tax (Estimated)
State
Texas
Rate Applied
Simplified flat rate estimate
0%
Estimated State Tax
$0
🔍 How We Calculated This (click to expand) ▼
What this does NOT account for: itemized deductions, child tax credits, QBI deduction, AMT, carryforward losses, multiple state returns, and many other individual circumstances.
💰 Where Your Savings Could Come From
Rough estimates based on typical TraderTax strategies.
⚠️ Important: This estimate is for informational purposes only and does not constitute tax advice. Do not use this number to make financial or tax filing decisions.

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