How much will your independent contractor earnings impact your taxes?
This tax calculator is designed to help you answer that question. To understand more about the process used to put this calculator together, you can read the explanation post about our 2021 Doordash Tax Calculator.
Results on this Tax Impact Calculator are not guaranteed.
There are a couple of things you need to know:
I am not a tax expert. While I've worked hard to research information so that I can put it together in a way that is helpful for you, I'm not a tax professional. Do not take anything in this or any other articles on this website as tax advice. If you need tax advice for your own personal situation, you should seek out a good tax professional.
This is not intended to be a thorough look at your income taxes. This is called a tax impact calculator. It is intended to help you understand how much your self employed income will impact your tax bill. It's meant to help you 1) get an estimate of your business profits, and 2) get a feel for how much those business profits will increase your tax bill.
This is not exact. The purpose is to help you ESTIMATE the tax impact. It does not take into account everything involved with your personal taxes. It does not look at credits, it doesn't get into specifics about adjustments or deductions.
This relies on the information you provide. While it focuses on your self-employed business, there are some questions related to personal taxes, especially to other income and to deductions and adjustments. These are to help identify what tax bracket your business profits would fall into. The accuracy of it will depend a lot on how accurate the information you plug into the calculator is. You will need to know the tax adjustments that might impact your taxes and what additional income will be taxable.
It probably has some flaws. I'm not a programmer. I used a tool that probably wasn't designed to try to calculate all the things that need to be calculated. I've tried testing results as many ways as possible but something may still be off in some situations. If you discover any major flaws in how it works, please let me know in the comments.
One last warning:
Try to avoid hitting the enter button. It will try to submit the form and you may have to start over. You can hit the tab button to move to the next field or use your mouse.