Estimate U.S. Federal Income Tax on Passive Income (2024 Tax Year)
Tax Estimate Summary (2024 Federal)
Total Passive Income Entered:
Est. Tax on Ordinary Passive Income:
Est. Tax on Qualified Dividends & Long-Term Gains:
Est. Net Investment Income Tax (NIIT 3.8%):
Total Estimated Federal Tax on This Passive Income:
Effective Tax Rate on This Passive Income:
Important Notes & Assumptions:
Estimates are based on 2024 U.S. Federal tax laws, brackets, and NIIT thresholds.
State and local income taxes are not included.
"Taxable Income Before This Passive Income" should be your income after all other deductions (like standard/itemized deductions) have been applied.
This calculator provides a simplified estimate for common passive income types. It does not cover all tax scenarios, specific deductions against passive income (beyond net rental income provided), passive activity loss rules, or carryovers.
The NIIT calculation uses the sum of entered passive incomes as Net Investment Income and approximates Modified Adjusted Gross Income (MAGI). Actual MAGI may differ.
This tool is for informational purposes only. Consult with a qualified tax professional for advice tailored to your specific financial situation.
