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Legacy Investing ShowShow

Taxes & payroll

For employees, freelancers, and sellers who want a clearer picture of what they keep and what they owe. Start with take-home pay, then check withholding or the tax on a sale.

Start with Gross to net pay estimate

Take-home pay, withholding, and tax reserves.

Taxes & payroll17

Take-home pay, withholding, and tax reserves.

S corp vs sole prop tax

How much self-employment tax might an S corp salary split save versus Schedule C?

QBI deduction estimate

What 20% qualified business income deduction survives a simple wage limitation?

Quarterly estimated tax

What should each remaining estimated payment be, and what does safe harbor require?

Depreciation recapture

How much of a rental sale is recapture versus long-term capital gain?

Bonus depreciation estimate

What year-one deduction does a bonus percentage create on qualifying basis?

1031 exchange deferred gain

How much gain is deferred if you replace a rental and how much boot is taxed now?

Cost segregation savings

How much extra year-one depreciation tax savings could a study produce?

Gross to net pay estimate

What take-home pay remains after user-supplied deductions and tax rates?

Payroll withholding estimate

How much should be withheld from each pay period at the entered rate?

Self-employment tax reserve

How much should a self-employed worker reserve from profit?

Capital gains tax estimate

What taxable gain and estimated tax follow from the entered rate?

Employer payroll cost

What does payroll cost after employer taxes and fixed benefits?

Mileage reimbursement

What reimbursement follows from distance and the applicable rate?

Home office deduction estimate

What workspace share of eligible home costs is potentially deductible?

Invoice withholding tax

What amount is withheld and what net payment is received?

Marginal vs effective tax rate

How do the entered marginal rate and actual tax paid compare?

Tax withholding reconciliation

Does tax already withheld cover the annual tax estimate you enter?