Estimate your estimated tax liability based on your total income, business expenses, and tax rate using our simplified Self-Employed Tax Calculator. Input the required values to see the result – created by Mr. Dhananjoy Ghosh.
How is estimated tax calculated?
Estimated tax is calculated as: (Total Income - Business Expenses) × Tax Rate.
What expenses can I deduct?
You can deduct ordinary and necessary business expenses, such as supplies, travel, and home office expenses.
Can I use this calculator for other types of income?
This calculator is specifically designed for self-employed individuals, but similar principles can apply to other income types.
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