Student Tax Forms
BUSINESS FORM
TOP LINE REVENUE
BUSINESS EXPENSES
GROSS NET INCOME
$0.00
AUGUSTA RULE
ACCOUNTABLE PLAN
Health Reimbursement Arrangement
HIRE YOUR KIDS
SOLO 401K TRADITIONAL
529 DEDUCTIONS
(If Applicable)
FAMILY PENSION PLAN
(C.D.B.P.)
ORDINARY BUSINESS INCOME
$0.00
SCHEDULE-E
ordinary business income
From the 1120-S
$0.00
Real Estate LLC Total Income
*REPS STATUS ONLY FOR ACTIVE INCOME DEDUCTIONS
27.5–39 Year Depreciation
Auto
Maintenance & Repairs
Commissions
Insurance
Legal Fees
Advertising
Mortgage Interest
HOA
Supplies
Taxes
Utilities
ordinary business income
$0.00
Real Estate Total Income
$0.00
Real Estate Losses
$0.00
Bonus Depreciation
Schedule-E Income
$0.00
1040 TAX FORM
W2
Interest
Dividends
Discount Conversions
Net Capital Gains
LLC Business
Schedule-E Income
$0.00
Total Income=
$0.00
DEDUCTIONS
$0.00
Self-Employed Health Insurance
HSA Contributions
Traditional IRA Contributions
Total (AGI)=
$0.00
Adjusted Gross Income (AGI)=
$0.00
Taxable Income=
$0.0099999
MEDICAL EXPENSES PAID
OVER 7.5% AGI
SALT TAXES – STATE INCOME, SALES TAX, R.E. TAX
MINIMUM 10K/MAXIMUM 40K
Personal Houses Mortgage Interest
Maximum 750K Mortgage
QBI DEDUCTION
20% OF SCHEDULE-E
Charitable Contributions (Maximum 60% AGI)
Art Donations
30% AGI
Private Family Foundation
30% OR 60% AGI
Public Charity
ie. CHURCH – 10% AGI
TAXABLE INCOME
TAXABLE INCOME=
$0.00
Filing Status
TAX BRACKET
UPDATED FOR 2026
1
$0 - $12,400 = 10%
$0.00
$12,401 - $50,400 = 12%
2
$0.00
$50,401 - $105,700 = 22%
3
$0.00
$105,701 - $201,775 = 24%
4
$0.00
$201,776 - $256,225 = 32%
5
$0.00
$256,226 - $640,600 = 35%
6
$0.00
$640,601 AND UP = 37%
7
$0.00
Effective Tax Rate
%
Taxes Owed
$0.00
TAX CREDITS
Child Tax Credit
$400K AGI LIMIT
Child After Care
1 Child $3k, 2+ Children $6K
Work Opportunity Tax Credit
R&D Credits
Adjusted Taxes Owed
$0.00
Refundable TAX CREDITS
W-2 Federal Tax Payment
Quarterly Tax Payments
Farm Fuel Tax Refund
Gas $.18/gal – Diesel $.24/Gal
Balance Due Or Refund
$0.00
BUSINESS FORM
TOP LINE REVENUE
BUSINESS EXPENSES
GROSS NET INCOME
$0.00
AUGUSTA RULE
ACCOUNTABLE PLAN
Health Reimbursement Arrangement
HIRE YOUR KIDS
SOLO 401K TRADITIONAL
529 DEDUCTIONS
(If Applicable)
FAMILY PENSION PLAN
(C.D.B.P.)
ORDINARY BUSINESS INCOME
$0.00
SCHEDULE-E
ordinary business income
From the 1120-S
$0.00
Real Estate LLC Total Income
*REPS STATUS ONLY FOR ACTIVE INCOME DEDUCTIONS
27.5–39 Year Depreciation
Auto
Maintenance & Repairs
Commissions
Insurance
Legal Fees
Advertising
Mortgage Interest
HOA
Supplies
Taxes
Utilities
ordinary business income
$0.00
Real Estate Total Income
$0.00
Real Estate Losses
$0.00
Bonus Depreciation
Schedule-E Income
$0.00
1040 TAX FORM
W2
Interest
Dividends
Discount Conversions
Net Capital Gains
LLC Business
Schedule-E Income
$0.00
Total Income=
$0.00
DEDUCTIONS
$0.00
Self-Employed Health Insurance
HSA Contributions
Traditional IRA Contributions
Total (AGI)=
$0.00
Adjusted Gross Income (AGI)=
$0.00
Taxable Income=
$0.0099999
MEDICAL EXPENSES PAID
OVER 7.5% AGI
SALT TAXES – STATE INCOME, SALES TAX, R.E. TAX
MINIMUM 10K/MAXIMUM 40K
Personal Houses Mortgage Interest
Maximum 750K Mortgage
QBI DEDUCTION
20% OF SCHEDULE-E
Charitable Contributions (Maximum 60% AGI)
Art Donations
30% AGI
Private Family Foundation
30% OR 60% AGI
Public Charity
ie. CHURCH – 10% AGI
TAXABLE INCOME
TAXABLE INCOME=
$0.00
Filing Status
TAX BRACKET
UPDATED FOR 2026
1
$0 - $12,400 = 10%
$0.00
$12,401 - $50,400 = 12%
2
$0.00
$50,401 - $105,700 = 22%
3
$0.00
$105,701 - $201,775 = 24%
4
$0.00
$201,776 - $256,225 = 32%
5
$0.00
$256,226 - $640,600 = 35%
6
$0.00
$640,601 AND UP = 37%
7
$0.00
Effective Tax Rate
%
Taxes Owed
$0.00
TAX CREDITS
Child Tax Credit
$400K AGI LIMIT
Child After Care
1 Child $3k, 2+ Children $6K
Work Opportunity Tax Credit
R&D Credits
Adjusted Taxes Owed
$0.00
Refundable TAX CREDITS
W-2 Federal Tax Payment
Quarterly Tax Payments
Farm Fuel Tax Refund
Gas $.18/gal – Diesel $.24/Gal
Balance Due Or Refund
$0.00
BUSINESS FORM
TOP LINE REVENUE
BUSINESS EXPENSES
GROSS NET INCOME
$0.00
AUGUSTA RULE
ACCOUNTABLE PLAN
Health Reimbursement Arrangement
HIRE YOUR KIDS
SOLO 401K TRADITIONAL
529 DEDUCTIONS
(If Applicable)
FAMILY PENSION PLAN
(C.D.B.P.)
ORDINARY BUSINESS INCOME
$0.00
SCHEDULE-E
ordinary business income
From the 1120-S
$0.00
Real Estate LLC Total Income
*REPS STATUS ONLY FOR ACTIVE INCOME DEDUCTIONS
27.5–39 Year Depreciation
Auto
Maintenance & Repairs
Commissions
Insurance
Legal Fees
Advertising
Mortgage Interest
HOA
Supplies
Taxes
Utilities
ordinary business income
$0.00
Real Estate Total Income
$0.00
Real Estate Losses
$0.00
Bonus Depreciation
Schedule-E Income
$0.00
1040 TAX FORM
W2
Interest
Dividends
Discount Conversions
Net Capital Gains
LLC Business
Schedule-E Income
$0.00
Total Income=
$0.00
DEDUCTIONS
$0.00
Self-Employed Health Insurance
HSA Contributions
Traditional IRA Contributions
Total (AGI)=
$0.00
Adjusted Gross Income (AGI)=
$0.00
Taxable Income=
$0.0099999
MEDICAL EXPENSES PAID
OVER 7.5% AGI
SALT TAXES – STATE INCOME, SALES TAX, R.E. TAX
MINIMUM 10K/MAXIMUM 40K
Personal Houses Mortgage Interest
Maximum 750K Mortgage
QBI DEDUCTION
20% OF SCHEDULE-E
Charitable Contributions (Maximum 60% AGI)
Art Donations
30% AGI
Private Family Foundation
30% OR 60% AGI
Public Charity
ie. CHURCH – 10% AGI
TAXABLE INCOME
TAXABLE INCOME=
$0.00
Filing Status
TAX BRACKET
UPDATED FOR 2026
1
$0 - $12,400 = 10%
$0.00
$12,401 - $50,400 = 12%
2
$0.00
$50,401 - $105,700 = 22%
3
$0.00
$105,701 - $201,775 = 24%
4
$0.00
$201,776 - $256,225 = 32%
5
$0.00
$256,226 - $640,600 = 35%
6
$0.00
$640,601 AND UP = 37%
7
$0.00
Effective Tax Rate
%
Taxes Owed
$0.00
TAX CREDITS
Child Tax Credit
$400K AGI LIMIT
Child After Care
1 Child $3k, 2+ Children $6K
Work Opportunity Tax Credit
R&D Credits
Adjusted Taxes Owed
$0.00
Refundable TAX CREDITS
W-2 Federal Tax Payment
Quarterly Tax Payments
Farm Fuel Tax Refund
Gas $.18/gal – Diesel $.24/Gal
Balance Due Or Refund
$0.00
Tax Summary
Ordinary Business Income: $0
Real Estate Profit/Loss: $0
Schedule E Total: $0
Total Income: $0
Adjusted Gross Income (AGI): $0
Taxable Income: $0
Total Tax Owed: $0
Balance Due / Refund: $0
