Real Estate Agent Tax Calculator
Net commissions after broker split, vehicle deduction method comparison (standard mileage vs actual), RE-specific deductions, and take-home after self-employment tax.
Commissions
Broker retained
$36,000
Your net commissions
$84,000
Split kept
70%
Vehicle Deduction
Standard mileage
$10,050
Actual expenses
$6,400
Real Estate Expenses
Home Office
Qualifies if you have no dedicated brokerage office and use a specific home area exclusively for real estate business.
Tax Settings
Full Deduction Breakdown
MLS fees
$2,400
E&O insurance
$800
Desk / office fees (brokerage)
$3,600
NAR / association dues
$1,200
Signage & lockboxes
$1,500
Photography & staging
$3,000
Open house expenses
$1,200
Marketing & advertising
$5,000
CRM & transaction software
$600
License renewal & continuing education
$400
Professional development
$1,000
Vehicle (standard mileage: 15,000 mi × $0.67)
Cannot also deduct depreciation if using standard mileage
$10,050
Home office (10% of home expenses)
Qualifies if no physical broker office — principal place of business
$2,640
Total deductions
$33,390
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