1040 Optimizer
Walk through your tax return line-by-line. Enter your current numbers and discover deduction opportunities you may be missing.
W-2 income from your employer
Consider S-Corp election to split into salary + distributions and reduce self-employment tax
Potential savings: up to $3,600
Net profit from self-employment
Maximize business deductions: home office, vehicle, travel, equipment, and Section 199A QBI deduction
Potential savings: up to $9,600
Profit from selling investments
Use tax-loss harvesting to offset gains. Hold investments 1+ year for lower long-term rates
Potential savings: up to $2,400
Net rental income after expenses
Depreciation can create paper losses. Cost segregation accelerates deductions significantly
Potential savings: up to $6,000
Interest, dividends, other sources
Move interest-bearing assets into tax-advantaged accounts (IRA, 401k)
Potential savings: up to $1,200
Top Opportunities
Solo 401(k) allows up to $69,000/year ($76,500 if 50+). Far more than SEP IRA for many
Consider S-Corp election to split into salary + distributions and reduce self-employment tax
30% solar ITC, $7,500 EV credit, up to $3,200 for home energy improvements
Ensure you're claiming for all qualifying children. Phase-out starts at $200K single / $400K married
Donate appreciated stock instead of cash — deduct full value AND avoid capital gains tax
For educational purposes only. Consult a tax professional for personalized advice.