Instant Pay Raise Estimator
Welcome To The Home of Financial Literacy Impact and the Instant Pay Raise!
Congratulations on taking the first step in proving how teaming up with P2P and using "The MEC" can help increase your W-2 take home pay immediately. The following is a partial list of tax deductions that could Save You Money and Increase Your Paycheck EVERY month!
Remember a home based business is required in order to capitalize on these savings.
| TAX DEDUCTIBLE EXPENSES | |||||
|---|---|---|---|---|---|
| Monthly Expense | Annual Deduction | ||||
| 1 | Rent/Mortgage |
$
|
$0.00 | ||
| 2 | Cell phone Expense |
$
|
$0.00 | ||
| 3 | Internet Expense |
$
|
$0.00 | ||
| 4 | Business Related Meals |
$
|
$0.00 | ||
| 5 | Travel/Business Trips (Airfare, Hotel, Car Rental, etc.) |
$
|
$0.00 | ||
| 6 | Number of children you hire (ages 7-17) to work in your business (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 | ||
| 7 | Number of miles you drive - include all vehicles (Estimated deduction is based on 70% of the total miles entered being converted to eligible business miles, at a rate of $.575 per mile) |
|
$0.00 | ||
| Your Total Annual Deductions: | $0.00 | ||||
| 8 | Average Tax Bracket (The default Tax Bracket of 18% is selected based on a conservative national average of 12% Federal and 6% State Tax).Please feel free to select the Tax Bracket that applies to you. |
|
|||
| Monthly | Annually | ||||
| Your Estimated Instant Pay Raise/Tax Savings: | $ 0.00 | $ 0.00 | |||