Disclaimer

1. General Disclaimer

By using the calculators and tools on this website, you acknowledge and agree that:

• Estimates Only: All calculator results are estimates based on the information you provide and may not reflect your actual tax liability, take-home pay, or financial outcomes.
• No Guarantees: We make no warranties or guarantees regarding the accuracy, completeness, or reliability of any calculations or information provided.
• Not Professional Advice: Nothing on this website constitutes professional tax, financial, legal, or investment advice.
• Your Responsibility: You are solely responsible for any decisions you make based on information from our calculators.

2. Calculator Accuracy & Limitations

2.1 Tax Calculations

Our paycheck calculators use official tax rates from the IRS and state revenue departments. However:

• Tax laws change frequently, and there may be delays in updating our calculators
• Individual tax situations vary widely based on factors we cannot account for
• Results do not include all possible deductions, credits, or special circumstances
• State and local taxes may have nuances not captured in simplified calculators

2.2 What Our Calculators Include

• ✓ Federal income tax (2024 brackets)
• ✓ State income tax (where applicable)
• ✓ Social Security tax (6.2% up to wage base limit)
• ✓ Medicare tax (1.45% + 0.9% additional Medicare tax over $200K)
• ✓ Standard deductions

2.3 What Our Calculators Do NOT Include

• ✗ Itemized deductions (mortgage interest, charitable contributions, etc.)
• ✗ Tax credits (child tax credit, earned income credit, education credits, etc.)
• ✗ State disability insurance (SDI) or other state-specific payroll taxes
• ✗ Local or city income taxes
• ✗ Pre-tax deductions (401k, health insurance, FSA, HSA, etc.)
• ✗ Post-tax deductions (life insurance, garnishments, etc.)
• ✗ Employer-specific payroll configurations
• ✗ Part-year residence or multi-state employment situations

3. Not a Substitute for Professional Advice

When to Consult a Professional

You should consult with a qualified professional for:

• Tax Planning: Consult a CPA, tax attorney, or enrolled agent
• Financial Planning: Consult a certified financial planner (CFP)
• Investment Decisions: Consult a registered investment advisor
• Legal Matters: Consult an attorney licensed in your jurisdiction
• Tax Filing: Use IRS-approved software or a tax professional

Complex Situations Requiring Professional Help

• Self-employment or 1099 contractor income
• Multiple state employment
• Stock options, RSUs, or other equity compensation
• Investment income (dividends, capital gains)
• Rental property income
• Foreign income or assets
• Estate planning
• Business ownership

4. No Warranty or Guarantee

This website and all calculators are provided "AS IS" without any warranty of any kind, either expressed or implied, including but not limited to:

• Warranties of merchantability
• Fitness for a particular purpose
• Non-infringement
• Accuracy or completeness
• Uninterrupted or error-free operation

5. Limitation of Liability

To the fullest extent permitted by law:

• We are not liable for any direct, indirect, incidental, consequential, or punitive damages
• We are not liable for any financial losses resulting from use of our calculators
• We are not liable for any tax penalties, interest, or additional payments due to inaccurate estimates
• We are not liable for decisions made based on calculator results
• We are not liable for errors, omissions, or outdated information

6. Tax Law Changes

Tax laws and rates change frequently:

• We update calculators annually in January for new tax years
• Mid-year updates are made when we become aware of tax law changes
• There may be delays between when tax laws change and when we update calculators
• You are responsible for verifying current tax rates with official sources

Official Tax Resources

• Federal: IRS.gov
• State: Your state's revenue department website
• Social Security: SSA.gov

7. External Links

Our website may contain links to third-party websites or resources. We:

• Do not endorse or guarantee the accuracy of external content
• Are not responsible for the content, privacy practices, or policies of external sites
• Provide links for convenience only
• Encourage you to review the terms and policies of any external sites you visit

8. Specific Calculator Disclaimers

8.1 Paycheck Calculators

Results are estimates only. Your actual paycheck depends on:

• Your employer's payroll system and withholding configuration
• W-4 form elections (allowances, additional withholding)
• Pre-tax and post-tax deductions
• State and local tax rules specific to your situation

8.2 Mortgage Calculator

• Does not include property taxes, HOA fees, or insurance
• Interest rates are illustrative; actual rates vary by lender and borrower
• Does not account for closing costs, points, or fees
• Amortization schedules are estimates

8.3 401(k) Calculator

• Projections assume constant contribution and growth rates
• Actual investment returns will vary and may be negative
• Does not account for fees, expenses, or taxes on withdrawals
• Past performance does not guarantee future results

8.4 Compound Interest Calculator

• Results assume regular contributions and constant growth
• Real-world investments fluctuate and may lose value
• Does not account for inflation, taxes, or fees

8.5 Rent vs. Buy Calculator

• Simplified comparison for educational purposes
• Many personal factors not included in analysis
• Market conditions, property values, and rents vary
• Consult a financial advisor for personalized guidance

9. User Responsibility

By using our calculators, you agree to:

• Verify all calculations with official sources or professionals
• Not rely solely on our calculators for important financial decisions
• Take full responsibility for any actions based on calculator results
• Understand the limitations described in this disclaimer
• Seek professional advice when needed

10. Changes to This Disclaimer

We reserve the right to modify this disclaimer at any time. Changes will be posted on this page. Your continued use of the website after changes constitutes acceptance of the updated disclaimer.