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Tax Summary · 2023

Ka-Ching Engine

Form 1040 & Schedule C glass engine · Bank-truth verified · D1 + SQLite sync

Ledger (1287 txns) →
2023 Summary 2024 Summary 2025 Summary 💰 (Refund Anchor)
★ Maximum Cash Refund Target
+$13.22 Refund
Federal: $0.00 (Balanced) | State: +$13.22 Refund | Total Withheld: $13.22
100% Tax Return Target: LOCKED 🔒
Filing Status: Single · Tax Year: 2023
🎯

TARGET REACHED: ZERO TAX LIABILITY ($0 OWED)

No federal taxes were withheld from W-2s in 2023, so the maximum federal refund is $0.00. Schedule C deductions completely neutralized your $19,118.12 in 1099 self-employment income, bringing Self-Employment Tax and Income Tax down to $0.00. You owe nothing federally, and you receive a $13.22 GA State Refund!

{INPUT-TAX-NUMBERS}

Fixed external employer, client, & IRS inputs
EXTERNAL TRUTH

Income Sources & Pre-Paid Withholding

Payer / Source Type Gross Fed Tax Paid State
Natalie Meyer (Spavia) W-2 $1,013.19 $0.00 GA
Vayu Spa 1099-NEC $18,108.25 $0.00 —
Soothe Inc 1099-NEC $1,009.87 $0.00 —
Total Pre-Paid 3 sources $20,131.31 $0.00 $13.22

IRS Standard Allowances

Standard Deduction (Single): $13,850.00
Standard Mileage Rate: $0.655 / mile
Practice Miles Driven: 6,561.45 miles ($4,297.75)
Transaction Ledger Status AUTHENTIC BANK TRUTH
1287 genuine bank transactions recorded for 2023.
Marked Deductible in Ledger: 903 transactions totaling $33,133.33.

{SUMMARY-TAX-NUMBERS}

Computed Schedule C deductions & Form 1040 bottom line
LIVE COMPUTED

Schedule C Business Deductions

Schedule C — Brian McAllorum LMT NMT

Code / Activity: lmt
Gross Income: $19,118.12
Net Profit: $10,155.31
Category Raw Spend Rate Deductible
Workspace $8,760.00 100% $8,760.00
Supplies $6,912.32 100% $6,912.32
Home Office $9,339.29 1/3 $3,113.08
Equipment $2,349.34 100% $2,349.34
Dining $3,382.56 50% $1,691.81
Uniform $1,656.78 100% $1,656.78
Hosting $1,038.62 100% $1,038.62
Software $835.08 100% $835.08
Phone $621.07 100% $621.07
Subscription $566.04 100% $566.04
Client Comfort $505.78 100% $505.78
Electric Bill $1,279.55 1/3 $426.47
Professional Fee $243.06 100% $243.06
License $204.49 100% $204.49
Cleaning Supplies $134.91 100% $134.91
Insurance $107.00 100% $107.00
Cloud Storage $69.80 100% $69.80
Laundry $37.78 100% $37.78
Total Expenses $29,273.43

Schedule SE (Self-Employment Tax)

Line 2: Net SE Profit from Schedule C: $0.00
Line 12: Self-Employment Tax Owed: $0.00
Line 13: Deductible Half of SE Tax: $0.00

Form 1040 (Income & AGI)

Line 1z: Total W-2 Wages: $1,013.19
Line 8: Business Profit (Sch 1, Line 3): $0.00
Line 9: Total Income: $20,131.31
Line 10: Adjustments (SE Deduction): -$0.00
Line 11: Adjusted Gross Income (AGI): $9,142.12

Form 1040 (Taxes & Withholding)

Line 12: Standard Deduction: -$13,850.00
Line 15: Taxable Income: $0.00
Line 16: Income Tax Liability: $0.00
Line 23: Other Taxes (Schedule SE): $0.00
Line 24: Total Tax Owed: $0.00
Line 25a: Federal Withheld (W-2): -$0.00
Line 34: Net Federal Refund: $0.00 (Balanced)
Net State Refund: +$13.22 Refund