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  2. Saving for Taxes

How does Ruby Money estimate my taxes?

Ruby Money's tax calculator uses the taxable income detected from your connected bank account, as well as the information you provide in your tax profile (State, Filing Status, etc), to help you estimate federal, state and self-employed taxes.

Be sure to include all relevant income in the calculator so we can properly estimate your taxes. If you're married filing jointly, for example, be sure to include all your spouse's W2 income, too. 

We are not able to account for other income reported on your tax returns (i.e investment income), nor other business taxes such as local tax and sales tax. 

Our calculators are for information only. Please consult a professional for financial advice and making financial decisions.