Getting your calculator ready.
Getting your calculator ready.
Free calculator / 2026
Good at your thing? Start with a clearer picture of the money. Estimate your taxes, then explore the business costs worth tracking.
02 / A little clarity
Add your numbers. We’ll turn them into an estimate you can plan around.
A planning estimate using the calculator’s simplified tax model. Your filing details, other income, credits, and deductions can change the result.
Using California tax rates. Select your state for a state-specific estimate.
Driving to showings, client meetings
Listings, signs, advertising
Required professional fees
Business communication
Listing photography
Closing gifts, marketing materials
License renewal courses
💡 Tip: Track all business expenses throughout the year. These deductions can save you thousands in taxes.
Commission splits with brokerage are not deductions—that's your gross income
Client gifts are limited to $25 per person per year
Home office is common for real estate agents
Consider forming an LLC for liability protection
Entry Level
$30,000
~$7,500 in taxes
Median Income
$60,000
~$16,800 in taxes
Top Earner
$200,000
~$64,000 in taxes
Tax estimates assume single filer with standard deduction. Actual taxes depend on deductions, state, and filing status.
Real Estate Agents typically pay 25-35% of their net income in taxes. This includes self-employment tax (15.3%), federal income tax (10-37%), and state income tax (0-13% depending on your state). With a median income of $60,000, expect to pay roughly $16,800 in annual taxes before deductions.
Common deductions for real estate agents include: mileage, marketing, mls & association fees, phone & internet, and more. These deductions can reduce your taxable income significantly.
Yes, if you expect to owe $1,000 or more in taxes as a real estate agent, you must make quarterly estimated tax payments. Due dates are April 15, June 15, September 15, and January 15.
Real Estate Agents file Form 1040 with Schedule C (business income) and Schedule SE (self-employment tax). You'll receive 1099-NEC forms from clients who paid you $600 or more.
Use accounting software or an app like WorkMade to automatically categorize your real estate agent expenses. Keep receipts for all business purchases and track mileage if you drive for work.
You’ve got a business to run.
The client paid. The receipts are in your coat pocket. WorkMade brings your income, expenses, and tax estimates together, so you can get back to the work you actually chose.
Meet WorkMadeA little more clarity.
