From the QBI deduction to Section 179 depreciation, these calculators surface the deductions that most tools don't know exist for self-employed workers.
3 tools tagged “deduction”
Calculate your IRS mileage deduction for 2024 (67¢/mile) or 2023 (65.5¢/mile). Compares standard mileage vs actual expense method to find the larger deduction — with tax savings at your rate and IRS log reminders.
Calculate your Form 1040 Line 17 health insurance deduction as a self-employed person. Covers health, dental, vision, and LTC premiums. Shows deduction cap at net SE income, federal and state tax savings, and effective monthly premium cost after the government subsidy.
Calculate your 2024 HSA contribution limit, federal tax savings at your marginal rate, and 20-year investment growth. See exactly how the government subsidizes every dollar you put in the only triple-tax-free account.
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