Estimate your taxes from W-2, 1099, and ETF distributions (including a Return of Capital (ROC) split).
ZIP lookup can auto-fill your state/city, then we estimate federal and (currently) NY State/NYC.
ZIP-based location
ROC guesstimate + explanation
Breakdown + saved inputs
Default: Federal 2026, NY 2025*
1) Location + Filing
ZIP lookup → State/City
Withholding, cap gains split, deductions, etc.
2) Income
Annual amounts (USD)
ETF distributions + Return of Capital (ROC)
Return of Capital (ROC) is the portion of a distribution that is typically
not immediately taxable as income. Instead, it usually reduces your cost basis
(which can increase future capital gains when you sell). Because funds can reclassify distributions later,
this tool uses a guesstimate you control.
How we treat ROC here:
• Taxable ETF portion = distributions × (1 − ROC%)
• ROC portion is shown as “tax-deferred / basis reduction estimate”
Advanced
Optional (improves “net” estimate)
FICA note: this is a simplified estimate and won’t match edge cases
(additional Medicare tax, wage base changes, multiple jobs, self-employment, etc.).
Location lookup uses a free ZIP API (state/city inference). If it fails, just select your state/city manually.
Estimated Results
—
Status:— • Method:—
Total Tax (Est.)
$—
Federal + State + City
Effective Rate (Est.)
—%
Tax ÷ total income (incl. taxable ETF portion)
Taxable income (federal)$—
Federal income tax$—
State income tax$—
City income tax$—
ETF distributions (taxable est.)$—
ETF ROC (tax-deferred est.)$—
Estimated due / (refund)$—
Withheld$—
What this tool does (and doesn’t) do
Included: simplified federal bracket math, NY state/NYC estimates (when selected),
and a ROC split for ETF distributions.
Not included: credits, AMT, NIIT, phaseouts, specific deductions, multi-state allocation,
exact qualified dividend/LTCG preferential rate stacking, net investment surtaxes, self-employment details,
and fund-specific tax reclassification.
Use this as a planning estimate, not as a filing tool.
Important: This calculator is for informational/educational purposes only and is not tax,
legal, or financial advice. Always consult a qualified CPA or tax professional before making decisions.
