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.
Total Annual Income
$182,500
Res: $32,500
Att: $150,000
Estimated Tax Bill
$40,055
Effective Rate
21.9%
Fed: $33,339 State: $6,716
Why this matters?
Your "Blended Tax Bracket" of 21.9% is unique to your transition year.
It is lower than your future full Attending rate (approx 27.2%).
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.