Below are just 7 of over 470+ possible HBB tax deductions that could Save You Money and Increase Your Paycheck EVERY month!

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Enter your MONTHLY amounts into the fields provided on the right.
 
Monthly Expenses
Annual Deductions
Number of Miles You Drive:

Beginning on Jan. 1, 2025, the standard mileage rates for the use of a car (or a van, pickup or panel truck) are:
70.0 cents per mile for business miles driven (includes a 28-cent-per-mile allocation for depreciation). This is up from 65.5 cents for the last half of 2023.

$0.00
Cell Phone Expenses:
$0.00
Internet Expense:
$0.00
Cost of Business Meals:
$0.00
Travel Expenses / Business Trips:

(airfare, hotel, parking, car rental, etc.):

$0.00
Health Insurance Premium:
$0.00
Number of Your Children:
Ages 7-17 that you employ or intend to employ.

(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

Your Total Annual Deductions:

$0.00

Average Tax Bracket

The default Tax Bracket of 18% is selected based on a conservative national average of 12% Federal  State Tax. If you know your current combined State and Federal tax bracket? Please feel free to select the Tax Bracket that applies to you.

Your Total Monthly Saving:

$0.00

Your Total Yearly Saving

$0.00

DISCLAIMER: The above home-based business deductions are for example purposes only. Tax laws change, and certain deductions are frequently added, removed, reduced or increased. Your MWR Tax Experts (CPAs/EAs) along with our Automated Mileage & Expense Tracker will assist you with claiming and tracking your deductions correctly. If you are a W-2 Employee, our experts will also assist you in adjusting your W-4 form appropriately to start receiving these savings on your next paycheck. NOTE: These tax savings are based on US taxes. Copyright :copyright: 2024. All Rights Reserved.

 

Want a HBB tax savings on Your next Paycheck?

Why pay more in taxes, when you can pay less?

It's not just how much you make. It’s how much you keep that counts. Stop overpaying Uncle Sam and let us help you keep more of your hard-earned money! Try our HBB tax savings Estimator to calculate your estimated tax savings.

The number one recommended way to reduce your taxes is to own a home-based business.

Automate mileage and expense tracking to maximize deductions using our MWR Financial Hurdlr app that comes included with your MWR membership.

Get expert advice on how to legally reduce your taxes with MWR Tax Experts (CPAs/EAs); as well as gain access to 470+ possible tax deductions with a home-based business.

Put the money (we help you save in taxes) to work for you.​ It’s easy! Our MWR Financial experts will show you how.

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