Tax Savings Calculator

How Can I Deduct That?

Rows	Amount
How Can I Deduct That? Brainstorming Idea 1
How Can I Deduct That? Brainstorming Idea 2
How Can I Deduct That? Brainstorming Idea 3

How are you registered with the IRS? *
What is your estimated income after expenses for your business?*
Schedule C, 1065
What is your estimated income after expenses for your business?*
1120 S, 1120
How much would your house/apartment rent for DAILY at a hotel or event center during peak seasons? Not less than $500.
Augusta Rule Savings
How many children do you have under 18 years old?
Tax Savings of Children
Lower of 168,600 or Estimated Income
Schedule C/Partnership Tax Savings (May be negative)
Schedule C/Partnership Tax Savings
33% of estimated income
min of 33% or 40000
How much do you pay yourself on your W2 for wages from your company?
min of 168,600 or how much they pay themselves
168,600 or w2 - 33% or 40000
s corp/ corp tax savings
Reasonable Compensation Tax Savings
How Can I Deduct That? Total Savings

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Total Savings with just these strategies
I understand the income tax savings is based on a combined state and federal tax rate of 25%. Combined tax rates can range from 0%-50%.
Should be Empty:

Tax Savings Estimator