Use Keeper’s 1099 tax calculator to see an estimate of your tax bill or refund. Feel free to tinker around, or get serious with our advanced info fields.
Try Keeper absolutely free for 14 days and we’ll find every business deduction you’ve missed or forgotten about. On average, users find $1,249 or more in savings.
Find my deductions
This is your total gross income for the year including W2 and 1099 wages.
Itemized business deductions are specific expenses that you can deduct from your 1099 / business income to reduce your taxable income. These can include costs like office supplies, travel expenses, advertising, and professional services, as long as they are ordinary and necessary for your business.
You can deduct the employer half of your self employment taxes.
This is your total income for the year minus certain adjustments, such as contributions to retirement accounts, student loan interest, and self-employment taxes.
The standard deduction is a fixed dollar amount that reduces the income you're taxed on, simplifying the tax filing process. It varies based on your filing status (e.g., single, married filing jointly) and is adjusted annually for inflation.
Common deductions include state and local taxes, mortgage interest, charitable contributions, student loan interest, retirement contributions, and educational expenses. This line also includes the Qualified Business Income (QBI) deduction, which allows a 20% deduction on qualified 1099 / business income.
Taxable income is the portion of your income that is subject to federal income tax after accounting for deductions and exemptions. It includes wages, salaries, bonuses, and other forms of income, minus any allowable deductions like the standard deduction or itemized deductions.
Your self-employment tax liability is the total Social Security and Medicare taxes (currently 15.3%) you are responsible for paying on 92.35% of your net business earnings if they exceed $400 in a year. This covers both the employer and employee portions of FICA taxes.
The estimated federal income tax you owe before credits, withholdings, or payments are applied.
The estimated state income tax you owe before credits, withholdings, or payments, based on your state’s tax rules.
The most common tax credits people can claim include the Earned Income Tax Credit (EITC), Child Tax Credit, American Opportunity Credit, Lifetime Learning Credit, and the Premium Tax Credit. These credits can reduce the amount of tax you owe or increase your refund.
This refers to the amount of federal and state taxes that are taken out of your paycheck by your employer throughout the year. Keeper assumes a standard withholding by default. If you know your employer's exact withholding, you can input it under "Add advanced info".
This refers to the amount of state taxes that are taken out of your paycheck by your employer throughout the year. Keeper estimates this for you!
If you've made quarterly estimated payments already for this tax year, add them under "advanced info".
Track and claim every eligible deduction with Keeper
Keeper is the top-rated all-in-one business expense tracker, tax filing service, and personal accountant.
Can I take the standard deduction and still write off business expenses?
Yes! A lot of freelancers and independent contractors don’t realize it’s possible to write off business expenses and claim the standard deduction. But you absolutely can.
How much can I make and not file taxes?
For freelancers, side hustlers, and other self-employed people, the answer is $400 in self-employment income. That’s after you subtract your write-offs. People who only have W-2 income, though, don’t have to file taxes unless they’re making at least the standard deduction. Sometimes, though, you should file your taxes even if you’re not required to. You can get a refund back!
What happens if I don’t file taxes?
You won’t go to jail — unless you evaded taxes on purpose and your tax bill is really high. The most common consequence is having to pay a penalty, up to 25% of what you owe. Depending on how behind you are, you might have to deal with other inconveniences, like being forced to paper file and losing out on your refund.
Can I file my own business taxes?
If you’re a typical freelancer, gig worker, or sole proprietor, absolutely. A good tax software will make it simple to DIY, and you can even do it by hand. If your business is a corporation, though, you should probably hire an accountant.
Who is Keeper for?
Keeper is built for Americans with complex taxes. Once your tax situation involves more than a simple W-2 (think homeownership, side-hustles, investments), you need a solution that can accurately handle your taxes. Keeper pairs world class AI with human tax pros for tax filing experience so impressive you'll wonder where it's been all your life.
Are there any tax situations too complex for Keeper?
Keeper can handle almost every individual tax filing complexity, as well as some basic corporate tax returns such as S Corps and joint partnerships. By coupling our service with a network of tax pros, you'll be in good hands no matter how complicated your situation may be.
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