Tax Strategy & Write-Offs
Freelance Tax Deduction & Savings Calculator
Legitimate business deductions reduce both your federal income tax and your 15.3% Self-Employment (FICA) tax. Enter your eligible expenses to see your exact tax cash savings.
1. Estimated Marginal Tax Bracket
%
Typically 15.3% SE Tax + 12-22% Federal + State income tax ≈ 30-35%.
2. Schedule C Common Deductions
sq ft
IRS standard rate is $5/sq ft up to 300 sq ft (max $1,500 deduction).
miles
IRS standard rate: 67¢ per business mile for client meetings and errands.
$
Figma, Adobe Creative Cloud, web hosting, domains, Slack, GitHub.
$
Laptops, monitors, ergonomic desks, cameras, testing phones.
$
Business proportion of home broadband and smartphone bills.
$
Industry conferences, courses, books maintaining existing business skills.
Estimated Direct Tax Savings
$3,134
Cash kept in your pocket instead of paid to the IRS
| Total Deductible Expenses | $10,445 |
| Home Office Deduction Value | $1,000 |
| Mileage Deduction Value (67¢/mi) | $2,345 |
| Self-Employment Tax Savings (15.3%) | $1,598 |
| Income Tax Savings (~15%) | $1,536 |
Automatic Mileage Tracker
IRS Compliant Logs
Automatically Log Every Business Trip
The IRS requires a contemporaneous logbook for vehicle write-offs. Download a background mileage tracker that auto-detects drives and classifies business vs personal with a single swipe.
View Top Rated Mileage Apps
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