Hurdlr's Tax Engine calculates your estimated tax liability based on the most current rates and statutes published each year by the IRS. The tax calculation is an estimate, and is only as accurate as the data you enter.
The app's Tax Engine calculates three main types of taxes you may owe as an independent contractor or business owner:
Federal Income Tax
Self-Employment Tax (this is both the employer and employee portion of taxpayers' responsibility for Medicare and Social Security payments, also referred to as FICA or payroll tax)
State Income Tax (if applicable)
To help facilitate your tax filing, you can export your Tax Details (for Tax Filing) and/or Schedule C report to your email. Just follow the steps here.