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homebiztaxshield
HOMEBIZ TAX SHIELD
DEDUCTION TITLEMONTHLYANNUAL
1BUSINESS USE OF VEHICLE -
(Calculate the number of miles per month You use your vehicle for business purposes deduction is based on $0.575 cents per mile Of “Business Miles )
$ 0.00
2CELL PHONE EXPENSES -
(Calculate the amount you pay per month for Your cell phone. Deduction assumes a 50% business use of your cell phone for business)
$
$ 0.00
3BUSINESS-RELATED MEAL EXPENSE
(Calculate the amount you pay for business related meals each month. The deduction for 2022 is 100% of expense. )
$
$ 0.00
4BUSINESS RELATED TRAVEL EXPENSE
Calculate the amount you pay for business Related travel per month . (Airfare, hotel, Uber, Tips, and any expenses, incidentals with travel)
$
$ 0.00
5BUSINESS USE OF HOME OFFICE
Calculate first, the percentage of your home Area used for home office from 1% to 100%)
Calculate second, the total expenses for rent, OR Mortgage Interest, PLUS Gas and Electricity, Water, Sewer, Trash, Internet, Cable, Repairs, Maintenance expenses)
%
$
$ 0.00
6HEALTH INSURANCE PREMIUMS
(Calculate the amount you pay each month for Health Insurance premiums )
$
$ 0.00
7HIRING YOUR CHILDREN
The number of dependent children You hire and pay each month to work in your Business.
(This deduction is based on your HBB paying each child $5,000/year of the $12,000 in tax-free income they are eligible to earn annually)
$ 0.00
8ENTER YOUR 2022 FEDERAL TAX BRACKET
There are seven tax brackets for most ordinary income for the 2022 tax year

          Your Total Annual Deductions:$ 0.00
MonthlyAnnually
Your Estimated Instant Pay Raise/Tax Savings:$ 0.00$ 0.00
DISCLAIMER This Instant Pay Raise Calculator is an interactive tool to provide you with some idea of the value of various Home Based Business HBB tax deductions and what they translate to in tax savings. Never use this tool to prepare your tax return or rely on its results as a substitute for professional advice from an Enrolled Agent, CPA, or Tax Attorney. ©2022 CryptoTaxShield All Rights Reserved ©2022 HomeBIZ Tax Shield All Rights Reserved