Free Depreciation Calculator: MACRS, Straight Line and Rental Property
Calculate MACRS depreciation for equipment, vehicles and rental buildings with the IRS rates, Section 179 and bonus depreciation, as a year-by-year schedule.
Business deductions lower both income tax and self-employment tax. These guides explain which expenses gig workers can legitimately deduct, how much they are worth and how to document them.
31 guides about “Tax Deductions”.
Calculate MACRS depreciation for equipment, vehicles and rental buildings with the IRS rates, Section 179 and bonus depreciation, as a year-by-year schedule.
Calculate a mileage deduction or reimbursement with the 2026 IRS rates: 72.5¢ per business mile until June 30 and 76¢ from July 1, plus medical and charity miles.
Estimate your 2026 federal income tax and refund with the new brackets, standard deduction, child tax credit, earned income credit and the tips, overtime and senior deductions.
Add sales tax to a price, remove it from a total or find the rate, with the July 2026 state sales tax rates for all 50 states and Washington, D.C.
Create a credit memo for a return, an overcharge or a price adjustment, linked to the original invoice and with sales tax, and download it as a professional PDF for free.
Make a professional payment receipt in a minute, with items, sales tax, payment method, a PAID stamp and an optional signature line, then download it as a free PDF. Partial payments and deposits are shown correctly.
The 2026 W-4 has a new deductions worksheet for tips, overtime, car loan interest and the senior deduction, plus a checkbox to claim exemption. Here is how to fill out each step so your withholding is right.
The child tax credit is $2,200 per qualifying child under 17 for 2026, with up to $1,700 refundable. It phases out above $200,000 ($400,000 joint), and at least one parent needs a valid SSN.
A traditional IRA can cut your taxes now; a Roth IRA makes withdrawals tax-free later. Both have a $7,500 limit in 2026. The better choice depends mainly on your tax rate today versus in retirement.
For 2026 you can put $4,400 (self-only) or $8,750 (family) into an HSA, plus $1,000 at 55 or older. Contributions are deductible, growth is tax-free and withdrawals for medical costs are tax-free too.
The U.S. has seven federal income tax rates from 10% to 37%. Each rate applies only to the income within its bracket. Here are the 2026 brackets and how to calculate your tax.
For 2026 the standard deduction is $16,100 for single filers and $32,200 for married couples filing jointly. Itemize only if your deductible expenses add up to more. Here is how to tell.