Choose your situation
Individual
W-2 employee, retiree, or mixed income
Business Owner
Self-employed, 1099, LLC, sole prop
1
Your IncomeEnter all income received before any deductions.
$
Supplies, software, advertising, phone, etc.
$
Simplified: $5/sq ft, max 300 sq ft = $1,500
$
2026 rate: $0.70/mile — enter total miles
Self-employment tax (15.3%) will be calculated automatically. You can deduct half of it.
$
Interest, dividends, rental, retirement distributions
$
2
Above-the-Line DeductionsThese reduce your gross income directly before your AGI is calculated. Every dollar here lowers your taxable income.
Max $2,500 (phases out at higher incomes)
$
2026 limit: $7,000 (or $8,000 if age 50+)
$
Deduct 100% of premiums paid for you and family
$
Up to 25% of net SE income, max $69,000
$
Max $300 for classroom supplies
$
$
3
Filing Status & DeductionsYour filing status sets your standard deduction. We pick whichever is higher automatically.
$14,600
Itemize instead? Enter totals if you think they exceed the standard deduction:
$
$
Only the amount above the 7.5% threshold counts
$
Property tax + state income tax. Cap: $10,000
$
4
Tax CreditsCredits reduce your tax bill dollar-for-dollar — more powerful than deductions. Check every one that applies.
For low-to-moderate income workers — estimated from your income.
Daycare, after-school care for children under 13
$
W-2 Box 2, or estimated tax payments you made
$
YOUR ESTIMATED TAX RESULT
$0
Estimated Tax Due
Effective Rate: 0%
Tax Formula Breakdown
How Your Income Was Taxed
You pay each rate only on the income that falls within that bracket.
Ways to Lower Your Tax Bill
Ready to File the Right Way?
This is an estimate. Every situation is different. Book a tax prep consultation and let us make sure you get every deduction and credit you deserve.
(512) 537-3440
or book online at prontoforms.setmore.com
Estimates for educational purposes only. Tax laws change annually. This is not tax advice. Jennifer Quintero, CAA · Pronto Forms / Credit Edit LLC · jen@pronto-form.com