Weekly Income Calculator

Enter your average weekly income and select your state to estimate how much to set aside for federal, state and self‑employment taxes. The calculation uses the 2024 federal tax brackets for a single filer【499513834044088†L228-L247】 and a self‑employment tax rate of 15.3 % up to the Social Security wage base【577365953425118†L62-L81】. State rates are approximate top marginal rates【765835989670110†L250-L260】.

Annual Income Calculator

Enter your total income for the year and select your state to estimate how much tax you should set aside for the entire year. This uses the same federal, self‑employment and state tax assumptions as the weekly calculator.

Profiles

Create separate profiles to track different gigs, businesses or individuals. Each profile stores income, expenses, mileage and custom industry details.

Existing Profiles

    Expenses

    Record your deductible expenses here. Keeping good records can reduce your taxable income. Examples include supplies, software, phone bills and business meals.

    Recorded Expenses

    Date Category Description Amount ($)

    Mileage & Vehicle Expenses

    You can deduct automobile costs by either using the IRS standard mileage rate (67 cents per mile for business in 2024【931402371403267†L64-L72】) or by tracking actual vehicle expenses. Use whichever method gives you a higher deduction. Once you pick a method, you generally must stick with it for the life of the vehicle.

    Mileage & Vehicle Expense Records

    Date Method Miles Actual Expense ($) Deduction ($)

    Reports

    View a summary of your income, taxes, expenses and mileage deductions for your selected profile. Click the print button for a printer‑friendly version you can share with your accountant.