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Tax Saving Estimator
Common Deductions
Type MONTHLY answers into the fields:
Monthly Expenses:
Annual Deductions:
1. Number of miles you drive
- include all cars (remember as a home-based business owner, a large part of your miles driven may be business miles):
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2. Space in your home used for business
(as a percentage of total square footage, this Home Office deduction example is calculated based on $2000 mortgage payment. Your amount will vary depending on your mortgage payment):
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3. Travel Expenses
(airfare, hotel, parking, and other related business expenses):
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4. Cost of business meals and entertainment:
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5. Cost of office supplies
(paper, ink, postage, envelopes, copies, etc.):
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6. Cost of business items
(computers, printers, iPads, etc.):
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7. Cost of marketing materials
(advertising, print, radio, tools, internet, and other forms of marketing):
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8. Cell phone expenses:
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9. Internet access fee:
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Your Total Annual Deductions:
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10. Select Your Tax Bracket:
Choose One
10%
15%
25%
28%
33%
35%
Your Estimated Annual Savings:
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