Tax Savings Calculator
A Powerful Tool. Our tax savings calculator allows your employees to estimate the tax savings they could experience by participating in your benefit plans. Unlike other calculators, this one takes into account both cafeteria plan and 401(k) plan participation, as well many other factors (see below for details).
Increase Participation. When employees see for themselves the federal tax savings that may result when they participate in your benefit plans, they are more likely to participate.
Annual License. You can access our calculator for free through this site. If you wish to link directly to the calculator, so that it launches without requiring employees to visit EBIA’s site and enter requested information, you must purchase a license. By placing an order, you are agreeing to the terms of the License Agreement .
Use the Tax Savings Calculator
Estimate the Federal tax savings that may result from participating in your employee benefit plans.
Use Calculator
Enter “ebia” as the password when prompted.
Link to the Calculator
We encourage websites to link to the calculator on our site. Please use this link:
TSC Details
Our calculator takes into account numerous important and very complex rules that impact FICA and federal income taxes—factors often overlooked:
- filing status, exemptions, standard deduction vs. itemized deduction
- employee’s wages, spouse’s wages, other income and adjustments to income, and spouse’s deemed income for DCAP/DCTC purposes
- eligibility for the earned income credit (EIC), including how some employees can increase their earned income credit by making salary reductions
- the differing impact on FICA savings produced by salary reductions vs. 401(k) or 403(b) salary deferrals
- the number of qualifying dependents for DCAP/DCTC purposes, and the number of qualifying children for child tax credit (CTC) and EIC purposes
- how salary reductions can delay the point where the CTC and exemptions corridors kick in for higher-income taxpayers
Adding Our Calculator to Your Site: If you wish to link directly to the calculator, so that it launches without requiring employees to visit EBIA’s site and enter certain requested information, you must purchase a license .
Before You Place Your Order: Please read the License Agreement .
