simulate_tax_scenario
Simulate tax impacts by comparing current situations against hypothetical changes like income adjustments, relocation, Roth conversions, or filing status updates to calculate exact tax differences.
Instructions
What-if tax scenario simulator. Compare your current situation against a hypothetical change: income change, relocation, Roth conversion, filing status change, etc. Shows the exact tax impact of the change.
Input Schema
TableJSON Schema
| Name | Required | Description | Default |
|---|---|---|---|
| taxYear | Yes | Tax year | |
| filingStatus | Yes | ||
| currentIncome | Yes | Current gross income | |
| currentState | No | Current state code | |
| currentSelfEmployment | No | ||
| currentCapitalGains | No | ||
| currentItemizedDeductions | No | ||
| currentDependents | No | ||
| whatIfIncomeChange | No | Income change amount (positive = more income, negative = less) | |
| whatIfNewState | No | New state if relocating | |
| whatIfFilingStatus | No | New filing status | |
| whatIfRothConversion | No | Amount to convert from Traditional to Roth IRA | |
| whatIfAdditional401k | No | Additional 401k contribution | |
| whatIfNewDependents | No | New number of dependents | |
| whatIfItemizedChange | No | Change in itemized deductions |