Business Expense Tracker
Track your business expenses and see exactly how much each category saves you in taxes.
Turn your receipts into clean invoices with InvoiceFlow and keep shared project costs straight using ItemSplit. When clients send you mixed file formats, batch convert everything with DocuSwift before you upload supporting documentation.
Your Tax Information
Your Marginal Tax Rate
36%
🏠 Home Office
Saves $0Simplified method: $5/sq ft (max 300 sq ft)
$0
Up to $1,500/year
🚗 Vehicle/Mileage
Saves $02025 IRS rate: $0.70/mile
$0
0 miles × $0.70
💻 Equipment & Software
Saves $0Computers, monitors, software subscriptions, office furniture
👔 Professional Services
Saves $0Accounting, legal, consulting fees
📢 Marketing & Advertising
Saves $0Advertising, website hosting, business cards, social media ads
🏥 Health Insurance
Saves $0Self-employed health insurance deduction
💰 Retirement Contributions
Saves $0SEP-IRA, Solo 401(k), or other retirement plans
Your Total Tax Savings
Total Business Expenses
$0
Total Tax Savings
$0
At 36% marginal rate
Net Cost After Tax Savings
$0
Smart Tax Planning
Your $0 in expenses reduces your taxable income, saving you approximately $0 in taxes. The real cost of these expenses is only $0!
Record-Keeping Tips
- •Keep receipts for all expenses over $75 (IRS requirement)
- •Track mileage with an app or logbook (date, destination, business purpose, miles)
- •Separate accounts for business and personal expenses (not required, but highly recommended)
- •Home office must be used regularly and exclusively for business
- •Save records for at least 3 years (7 years for employment tax records)
Share your calculation with this link
Educational Purposes Only
These calculations are estimates. Tax deductibility depends on your specific situation. Consult a tax professional for personalized advice. Keep proper documentation for all deductions.