Compare your total tax burden as an independent contractor (1099) versus an employee (W-2). See the real difference including self-employment tax.
Calculate potential savings from S-Corp election. See if your income level makes S-Corp status worthwhile.
Estimate your 20% Qualified Business Income deduction for pass-through entities.
Calculate your home office deduction using both the simplified and regular methods.
Compare tax implications of different business structures: Sole Prop, LLC, S-Corp, C-Corp.
See which federal tax brackets apply to your business income and marginal rates.
Calculate your Delaware franchise tax using both the Authorized Shares and Assumed Par Value methods.
Calculate tax implications of MTM election for traders under Section 475.
Calculate quarterly estimated tax payments to avoid underpayment penalties. Includes safe harbor thresholds and payment schedule.
Track business mileage and calculate your deduction. Compare standard mileage vs actual expense methods.
Calculate short and long-term capital gains taxes on stocks, crypto, and real estate. Includes NIIT for high earners.
Estimate R&D tax credits using Regular or Alternative Simplified methods. Includes startup payroll tax offset option.