Small Business Tax Deduction Calculator
Total Schedule C income and expenses, apply the meal and gift limits, and estimate self-employment tax.
The meal and gift limits are statutory and are not inflation-adjusted.
Estimate
$88,900.00
- Deductible meals
- $1,000.00
- Deductible gifts
- $100.00
- Net profit
- $88,900.00
- Self-employment tax
- $12,561.17
- This estimate is calculated in your browser and is not sent to a server.
- Meals are 50 percent deductible. Gifts are limited to $25 a recipient. The home-office and vehicle rules are in their own calculators.
Limits of this estimate
- Vehicle, home-office, and start-up deductions belong in their own calculators.
- A loss produces no self-employment tax.
- This is educational information, not tax, legal, or accounting advice, and it does not file a return.