Tax year 2025 · estimated on 2026 brackets, not 2025's

Taxes

What 2025 came to

$10,787.93

Business profit, with $1,524.29 estimated tax on it. The return was due April 15, 2026.
No answers saved for 2025, so no withholding or payments are counted. Add them

How it’s worked out

Single filer

Business income: $13,000.00
Business expenses: −$2,212.07
Profit: $10,787.93
Self-employment tax: $1,524.29
Federal income tax: $0.00
State income tax: Not set
Estimated tax: $1,524.29

Counts half the self-employment tax and the QBI deduction. The full worksheet is below.

Schedule C

$2,212.07 deducted

Business expenses grouped by Schedule C line, with deductible amounts
Line	Category	Spent	Deductible
8	Advertising2 charges	$30.24	$30.24
11	Contract labor2 charges · Issue 1099-NEC at $2,000+ (2026)	$1,532.45	$1,532.45
27a	Other expenses10 charges · Software, hosting, subscriptions	$649.38	$649.38
	Total	$2,212.07	$2,212.07

19 lines not in use

9Car and truck expenses
10Commissions and fees
13Depreciation and §179
14Employee benefit programs
15Insurance (not health)
16aInterest (mortgage)
16bInterest (other)
17Legal and professional
18Office expense
19Pension and profit-sharing
20aRent or lease (vehicles, machinery, equipment)
20bRent or lease (other property)
21Repairs and maintenance
22Supplies
23Taxes and licenses
24aTravel
24bMeals
25Utilities
26Salaries and wages

The detail behind it

Open a part when you need it

MileageNo trips logged

Mileage

Line 9 · 76¢ a mile

$0.00from 0 miles you can defend, 2025

Nothing logged yet. At 76¢ a mile, a weekly 20-mile round trip is $1,580.80 a year.

ContractorsMaya Chen Design $1,232.45 · Jordan Reyes $300.00

Contractors

2 payees, none at the $2,000.00 threshold yet.

Maya Chen Design1 payment, last 12/06

$1,232.45underW-9

Jordan Reyes1 payment, last 11/21

$300.00underW-9

Line 11 by payee. At $2,000.00 in a year a 1099-NEC is due by January 31 (the 2026 threshold, up from $600). Someone paid by card or through a marketplace gets a 1099-K from the processor instead.

Your share of Harbor & Pine$4,553.44 on the K-1 · Distributions are over basis

Your share of each entity

What the K-1 will say

Harbor & PineMulti-member LLC · S corporation · 60% yoursprofit before owner wages $7,589.06

Ordinary income to you: −$17,046.56after wages
W-2 wages: $36,000.00
Subject to SE tax: $0.00none, by structure
Basis after distributions: −$26,000.00

$26,000.00 of distributions exceed basis. That part is a capital gain, not a return of your money, and it is the kind of thing found in April. Worth a conversation with your accountant now.

Wages are 54% of what you took out. Nothing here to flag.

Receipts0 of 5 expenses over $75 have one · $2,039.56 has nothing behind it

The IRS asks for paper behind any business expense of $75 or more. 0 of 16 business expenses have a receipt attached. Attach from the list of expenses without one

The whole estimateEvery line from income to tax · 6 things it leaves out

Single · 10.0% marginal

Gross business income$13,000.00

Business deductions−$2,212.07

Net profit$10,787.93

Self-employment tax15.3% on 92.35% of net profit$1,524.29

Half of SE tax, deducted−$762.15

QBI deduction (federal only)−$400.00

Federal income tax$0.00

State income taxChoose your state under Your situation.federal only

Total tax$1,524.29

Estimated payments made$0.00

Balance due$1,524.29

What to set aside, not what you will file. It leaves out:

Itemized deductions.
Tax credits (child tax credit, earned income credit, and the rest).
The §199A wage and capital (UBIA) limitation that can cap or zero out the QBI deduction for a business with few or no W-2 employees, once taxable income is above the phase-in range.
Capital gains and losses.
City and county income taxes (New York City, Maryland and Indiana counties, Ohio cities and others), unless you type a local rate.
Gross receipts, where money reaches you through a payment processor. A processor deposits what is left after its fees, so income read from your bank is already net of them. Profit is unaffected, because the fees are a deduction you have not claimed either. Line 1 of the Schedule C and the 1099-K the processor files both report the gross amount, so both will be larger than what your bank shows.

Your situationSingle · no state chosen

Filing statusState

W-2 wages this yearFrom a job, or from your own S-corp. Box 1, or what it will be by December.Federal tax withheldBox 2. Counts toward what you owe and toward the safe harbor.State tax withheldBox 17.Other ordinary incomeA K-1 share, interest, anything else taxed as ordinary income.Paid for Q1Sent by April 15.Paid for Q2By June 15.Paid for Q3By September 15.Paid for Q4By January 15.Into a SEP or Solo 401(k)This year. Deducted above the line; the headroom panel says how much more fits.Health insurance premiumsPaid by you, this year. Deducted above the line up to what the business earned.Last year's total taxLine 24 of last year's 1040. Turns on the safe-harbor check.Home office, square feetUsed regularly and exclusively for the business. The simplified method allows $5 a foot up to 300.Paychecks left this yearIf you are paid, the balance becomes a per-paycheck W-4 figure.

For your accountant1 read-only link live

Year-end package

What your accountant asks for

Every transactionCategory, entity, which return it lands on, Schedule C line. The one file that answers most questions.CSV
Schedule C worksheetParts I and II by line, for the entities that file one.CSV
Mileage logOne row per trip with a substantiated yes or no. Pub. 463 needs the date, miles, destination and purpose.CSV
Entities and K-1 positionPer entity: the owner share, what carries SE tax, basis, and wages against distributions for an S-corp.CSV
Contractors and 1099sEvery payee on line 11 with the year total, whether a 1099-NEC is due, and whether the W-9 is on file.CSV

Plain CSV, so it opens in whatever the practice already uses. Nothing here is a filing; it is what a filing is prepared from.

Accountant link

1 live

Accountant40 days left. Not opened yet. Preview

For

Works for

A link opens this year’s package read-only, with the files, and needs no account. It copies to your clipboard when made. Turn it off any time; it stops on its own at the end.

Your books3 books · Northline Studio

Your books

3 sets

PersonalPersonal
Northline StudioSingle-member LLC · Schedule C · EIN 00-0000000
Harbor & PineMulti-member LLC · taxed as S corporation · Form 1120-S · 60% yours · EIN 00-0000001

Structure decides which return the numbers land on. Change it here and the worksheet above follows.

Your own ratesNone set · using the 2026 brackets

StateReplaces the bracket model. Blank uses the model's rate where it has one.Local or cityNothing models this. NYC, Yonkers, and a lot of Ohio and Pennsylvania.FederalOnly if you have been given an effective rate. Otherwise leave it.

A working estimate from the transactions Contha can see and the answers you’ve given, not a return. It leaves out itemized deductions, credits, capital gains and anything outside your connected accounts. For what you actually owe, ask an accountant.