Published Dec. 22, 2017 at 9:00 a.m. ET
Among other things, this calculator assumes Head of Household filing status is a single filer, and that children are aged 16 or less and eligible for earned income tax credit. Tax liability calculations factor in the Alternative Minimum Tax (AMT), the Child Tax Credit, the Net Investment Income Tax, and the Earned Income Tax Credit. Note: A previous version of this tool estimated tax liabilities based on the bill passed by the House in November. An early version of that calculator incorrectly switched the parameters for single and married filers, which led to inaccurate results.