Thomas Hartley

HighIn reviewProspect

Schedule CSingleFLMeera KapoorSemiannualReturn on file

Est. current income

$385,000

vs $266,000 prior year

Effective rate

23.1%

Marginal bracket

35% ordinary

Dec 31 hard stops

At a glance

Income trend

+45%

$266K → $385K AGI

Next-dollar rate

36%

Marginal · Single

Cliffs to watch

QBI phase-out top (SSTB, Single)
Additional Medicare 0.9%
Top of 32% ordinary bracket (Single)

This year: Income up ~45% — estimates set to last year leave a gap

Entity exposure

Sole proprietor (Sch C)

Schedules C, SE

State footprint

Single-state filer

Income mix

1 source

Schedule C consulting income

Year-over-year briefing

2026 Return Summary (projected)

AGI: $385,000
Taxable income: $350,000
Total tax: $80,900
Effective / marginal: 23.1% · 35%
Withholding + estimates: $52,000
Estimated balance due: $28,900

Estimated Payments & Safe Harbor

Paid

$17,000

Paid

$17,000

Paid

$18,000

Due

$5,640

Safe harbor (110% of 2025 tax ($52,400))Shortfall

Paid $52,000 of $57,640$5,640 due by Jan 15

3-Year Trend

Metric	2024	2025	2026proj	Change
AGI	$224,000	$266,000	$385,000	+72%
Total tax	$41,400	$52,400	$80,900	+95%
Effective rate	20.9%	22.0%	23.1%	+11%

Carryforward Ledger

No material carryforwards on the prior return.

What's Different This Year

Income up ~45% — estimates set to last year leave a gap
No SEP/solo-401(k) contribution made yet — large deferral available
Likely SSTB, so QBI is phased out at this income

Added

Schedule C gross receipts up ~45%

Notable

Best revenue year on recordNo retirement plan funded yet this yearEstimates still based on prior-year income

Tax anatomy

Income by Tax Bracket

How income fills the ordinary brackets, with capital gains stacked on top. Dashed lines mark each bracket ceiling — the gap above is your room.

10% top · $12k

12% top · $48k

22% top · $103k

24% top · $197k

32% top · $251k

35% top · $626k

Standard deduction$16,100

10% bracket$11,925

12% bracket$36,550

22% bracket$54,875

24% bracket$93,950

32% bracket$53,200

35% bracket$99,500

Room before

$276,350

of income before crossing into the next bracket

Marginal Rate Curve

The true rate on the next dollar across added income — decomposed so you can see which tax drives each spike.

35.9%

on the next dollar at +$0

35% bracket + 0.9% additional Medicare; §199A phased out (SSTB)

+$0+$276k

Ordinary bracketPhase-out / surtax

MAGI Phase-Out Map

Where this client sits against each threshold — and what crossing it costs.

creditQBI phase-out top (SSTB, Single)$143k over

MAGI $385k · threshold $242kcrossing: §199A fully phased out above this

medicareAdditional Medicare 0.9%$185k over

MAGI $385k · threshold $200kcrossing: +0.9% on SE earnings above this

bracketTop of 32% ordinary bracket (Single)$135k over

MAGI $385k · threshold $251kcrossing: income above here at 35%+

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Year-over-year briefing

2026 Return Summary (projected)

AGI: $385,000
Taxable income: $350,000
Total tax: $80,900
Effective / marginal: 23.1% · 35%
Withholding + estimates: $52,000
Estimated balance due: $28,900

Estimated Payments & Safe Harbor

Paid

$17,000

Paid

$17,000

Paid

$18,000

Due

$5,640

Safe harbor (110% of 2025 tax ($52,400))Shortfall

Paid $52,000 of $57,640$5,640 due by Jan 15

3-Year Trend

Metric	2024	2025	2026proj	Change
AGI	$224,000	$266,000	$385,000	+72%
Total tax	$41,400	$52,400	$80,900	+95%
Effective rate	20.9%	22.0%	23.1%	+11%

Carryforward Ledger

No material carryforwards on the prior return.

What's Different This Year

Income up ~45% — estimates set to last year leave a gap
No SEP/solo-401(k) contribution made yet — large deferral available
Likely SSTB, so QBI is phased out at this income

Added

Schedule C gross receipts up ~45%

Notable

Best revenue year on recordNo retirement plan funded yet this yearEstimates still based on prior-year income

Tax anatomy

Income by Tax Bracket

How income fills the ordinary brackets, with capital gains stacked on top. Dashed lines mark each bracket ceiling — the gap above is your room.

10% top · $12k

12% top · $48k

22% top · $103k

24% top · $197k

32% top · $251k

35% top · $626k

Standard deduction$16,100

10% bracket$11,925

12% bracket$36,550

22% bracket$54,875

24% bracket$93,950

32% bracket$53,200

35% bracket$99,500

Room before

$276,350

of income before crossing into the next bracket

Marginal Rate Curve

The true rate on the next dollar across added income — decomposed so you can see which tax drives each spike.

35.9%

on the next dollar at +$0

35% bracket + 0.9% additional Medicare; §199A phased out (SSTB)

+$0+$276k

Ordinary bracketPhase-out / surtax

MAGI Phase-Out Map

Where this client sits against each threshold — and what crossing it costs.

creditQBI phase-out top (SSTB, Single)$143k over

MAGI $385k · threshold $242kcrossing: §199A fully phased out above this

medicareAdditional Medicare 0.9%$185k over

MAGI $385k · threshold $200kcrossing: +0.9% on SE earnings above this

bracketTop of 32% ordinary bracket (Single)$135k over

MAGI $385k · threshold $251kcrossing: income above here at 35%+