Tax summary

A plain-English breakdown of your 2024 return.

Form 1040 — estimate

Total income$111,200
Standard / itemized deduction−$29,200
Taxable income$80,728.3
Estimated federal tax$12,813
Self-employment tax$2,543
Child Tax Credit−$4,000
Total tax$11,357
Federal withholding−$14,800
These are MVP mock calculations to demonstrate the experience. Final figures will be produced from current-year IRS tax tables and verified by your preparer before any submission.
Estimated refund
$3,443
Direct deposit ETA after IRS acceptance
Forms included
  • · Form 1040
  • · Schedule C (self-employment)
  • · Schedule SE
  • · Schedule 1 — additional income
  • · Schedule 8812 — Child Tax Credit