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W-2 Tax Optimizer

Find tax savings from pre-tax benefits, check your withholding, and see exactly what you could save.

1 — Income & Filing

Annual W-2 gross salary $120,000

Filing status

State

2 — Pre-Tax Benefit Elections

401(k) contribution (max $23,500) $6,000

HSA contribution (max $4,300) $0

Healthcare FSA (max $3,300) $0

Dependent Care FSA (max $5,000) $0

Traditional IRA (max $7,000) $0

3 — Other Deductions

Itemized deductions

Student loan interest

Children under 17

Your tax picture

Federal tax

$16,694

State tax

$10,602

Effective rate

13.9%

Marginal rate

22.0%

Estimated take-home pay

$92,704/yr

$7,725/month

Tax savings available:

401(k) headroom$3,850/yr saved

Unused headroom: $17,500/year

HSA headroom$946/yr saved

Unused headroom: $4,300/year

FSA headroom$726/yr saved

Unused headroom: $3,300/year

Total tax savings available: $5,522/year

by fully using your pre-tax benefit headroom

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Educational disclaimer: All content on WealthSerene.com is for educational purposes only and does not constitute investment advice. Projections and calculations are illustrative — actual results will vary based on market conditions, your specific situation, and many factors outside this tool’s scope. Always consult a qualified financial professional for advice specific to your situation. For tax advice, consult a CPA or Enrolled Agent. View full disclosures →