The Small Business Tax Calculator offers small business owners a personalized estimate of their federal income tax relief they will see now that the 20% Small Business Tax Deduction and other current tax relief policies were signed into law.
Basic personal information, such as filing status, personal income, and qualified business income, allows users to compare their estimated tax burden under two scenarios: current law, with Congress extending provisions of the Tax Cuts and Jobs Act (TCJA), including the Small Business Deduction, or if Congress had allowed the TCJA to expire.