Disclaimer

The calculators give estimates. They do not replace your tax return or professional advice.

Not advice

New Money Rules gives general information about tax, student loan and housing rules. It is not tax, legal, accounting or financial advice, and using the site does not create a client relationship.

Estimates only

Each calculator uses the inputs you give and the rules as we understand them on the date shown on the page. Real results depend on your full tax return, your lender or servicer, your province or state and guidance that may be issued later. Tax savings are estimated with the single bracket you choose, not a full tax calculation.

Rules change

The IRS, the Department of Education and the Canada Revenue Agency can issue new guidance at any time, and laws can be changed. Always check the official source linked on each page before you act.

Not a government site

New Money Rules is independent. It is not run by, or linked to, any government agency. Program names such as "Trump accounts" are the names used in the law.

Get advice for your situation

For a decision that matters, talk to a qualified tax professional, or contact the IRS, Federal Student Aid or the Canada Revenue Agency.