Tax Savings Estimator

TAX SAVINGS ESTIMATOR

Begin by entering in applicable amounts in the categories below:

Home Office Deduction
Monthly total of any of the following: Rent, Real Estate Taxes, Utilities and Services, Mortgage Interest, Insurance, Casualty Losses:
$

Business Vehicle Deduction
Business Vehicle Deduction - use of any vehicle in the course of operating your home business, may be deductible as a business expense.
Estimated number of business miles driven annually:
mi

Business Travel Deduction
Business Travel Deduction - travel expenses incurred when business activity requires to stay away from the principal place of business can be deductible.
Estimated annual cost of: Airfare, Hotel, Parking, and other related business travel expenses:
$

Meals & Entertain Deduction
Meals & Entertainment Deduction - expenses incurred for meals and entertainment can be deductible if related or associated with your business.
Estimated cost of business meals each month:
$

General Office Deduction
General Office Expense Deduction - general business expenses such as telephone & internet use, supplies and marketing materials may be deductible.
Estimated monthly cost of the following: Telephone & Cell Phone, Internet, Business cards, General Office supplies, Marketing and Advertising:
$

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*Disclaimer: This calculator is to be used to obtain a rough estimate of the type of annual tax savings you could have with your home-based business. Make sure you consult with a qualified tax professional before making any changes to your W-4.

Neither The Expense Tracker, Komandtek, LLC, nor its educational subsidiaries nor any of their respective officers, personnel, representatives, agents or independent contractors are, in such capacities, licensed financial advisers or licensed tax advisers.

IRS Circular 230 Notice: Statements in this communication (1) are not intended to be, and are not, an opinion as to any tax or other matter; and (2) are not intended or written to be used, and may not be used, by you or any other person to avoid penalties that may be imposed under federal tax or other laws.

Tax strategies and techniques depend on an individual’s facts and circumstances; accordingly, the information presented in this website and organization must be correlated with the individual’s tax situation to establish applicability. Moreover, because of the complexity of United States tax laws, the constant changes resulting from new developments and the necessity of determining appropriateness to a particular taxpayer; it is important that professional advice be sought before implementing the tax ideas suggested in this document.

Any and all information contained within this document should not be construed as tax, legal, or investment advice. Such information is not intended or written to be used, and cannot be used by any taxpayer, for the purpose of avoiding any federal or state taxes.