The "Transition" Tax Estimator
The year you become an Attending, your taxes get complicated. Visualize your "Blended Tax Bracket" to avoid a surprise tax bill.
Your Transition
$
$
You will have 6 months of Resident pay and 6 months of Attending pay.
Deductions
Total Annual Income
$182,500
Res: $32,500
Att: $150,000
Estimated Tax Bill
$39,834
Effective Rate
21.8%
Fed: $32,534 State: $7,300
Why this matters?
Your "Blended Tax Bracket" of 21.8% is unique to your transition year. It is lower than your future full
Attending rate (approx 26.7%).
Action: Check your withholdings. If your new job withholds
as if you made $$300,000 all year,
you might overpay. If they don't account for your Resident income, you
might underpay.
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