Enter your annual business expenses by category. See your total deductions, estimated tax savings, and which categories you might be missing.
QuickBooks Self-Employed automatically categorizes expenses and calculates deductions year-round — syncs with TurboTax at tax time.
Try QuickBooks Self-Employed →Enter your email and we'll send you a personalized reminder with your estimated tax amount before the next quarterly deadline — free.
Retirement contributions: Solo 401(k) and SEP-IRA contributions are NOT in this tracker (they're a separate deduction). A Solo 401(k) can reduce taxable income by up to $69,000. Use our Solo 401(k) Calculator.
Half of SE tax: You can deduct 50% of self-employment tax as an above-the-line deduction. This is automatic — TurboTax and most tax software handles it.
Bank fees & merchant fees: PayPal, Stripe, and other payment processing fees are 100% deductible. So are monthly bank fees on your business account.
Gifts to clients: Up to $25 per client per year in business gifts is deductible.
Start-up costs: If you started your freelance business this year, up to $5,000 in startup expenses can be deducted immediately.
SDE-based valuation for agencies & consultancies
Automatic needs, wants & savings split
Most accurate 4-entity comparison — includes QBI deduction
How much you save with S-Corp