We have broken out the simple tax plan walkthrough so that you can review your tax plan.
We've included a chart that breaks down the total tax bill. That chart is broken down into the income tax on the two forms of taxable income, ordinary income and qualified income [long-term capital gains (LTCG) and qualified dividends], as well as other taxes like Self-Employment Tax, the Net Investment Income Tax (NIIT), and Additional Medicare Tax.
This section shows you how close you are to the next highest and new lowest tax bracket based on your income threshold.
If you are itemizing (because it gives you a higher deduction), this section will break down your itemized deductions.
You will have this section if you have any Schedule C (business/self-employment) or Schedule E (S-Cop, Rental Property) income.
If you do not see this section, it is because your business shows a loss.