Deduction savings calculator

See how much common business write-offs, like your home office, vehicle, or software, could reduce your tax bill.

Your income & expenses

Enter your 1099 income and common business expenses.

Gross 1099 income
Filing status

Business expenses

Home office
Vehicle / mileage
Software & subscriptions
Other business expenses

Your estimate

Based on 2024 federal tax rates.

Total deductions entered$0
Net taxable income: $75,000
Tax without deductions$17,772
Income tax + self-employment tax on gross income
Tax with deductions$17,772
After subtracting your entered expenses
Estimated tax savings$0
What these deductions could be worth at tax time

Estimate only. Based on 2024 federal tax rates, standard deduction, and self-employment tax rules. Does not include state taxes, credits, or the 0.9% Medicare surtax on high earners. Not tax advice. Deduction eligibility depends on your specific facts and circumstances, so confirm with a tax professional before filing.

Read the full list of deductions 1099 contractors often miss

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