calculate_total_tax
Calculate combined federal and state tax liability using income, deductions, filing status, and state code to determine total tax owed.
Instructions
Calculate combined federal + state tax for a complete picture of total tax liability. Returns federal breakdown, state tax, and combined totals in one call.
Input Schema
TableJSON Schema
| Name | Required | Description | Default |
|---|---|---|---|
| taxYear | Yes | Tax year (2024 or 2025) | |
| filingStatus | Yes | Filing status | |
| grossIncome | Yes | Total gross income in USD | |
| stateCode | Yes | Two-letter state code (e.g., 'CA', 'TX', 'NY') | |
| w2Income | No | W-2 wage income | |
| selfEmploymentIncome | No | Self-employment income | |
| capitalGains | No | Long-term capital gains | |
| capitalGainsLongTerm | No | Whether capital gains are long-term (default: true) | |
| qualifiedBusinessIncome | No | QBI for Section 199A deduction | |
| aboveTheLineDeductions | No | Above-the-line deductions | |
| itemizedDeductions | No | Total itemized deductions | |
| dependents | No | Number of qualifying child dependents |