Tyms

Free income tax calculator

Upload a bank statement and AI works out your business income, deductible expenses and estimated US federal tax, then emails you the results.

  • Free to use
  • Excel, CSV or PDF
  • Results by email

This is an estimate for planning, not tax advice. Confirm your figures with a qualified tax professional before you file.

Upload bank statement

Drop your file here or click to browse

Supports Excel (.xlsx, .xls), CSV, and PDF up to 1MB. For larger files, subscribe to Tyms.

Or provide transaction details directly

Paste your financial transactions here (dates, descriptions, amounts). This will be used alongside or instead of the uploaded file.

Maximum 1,500 characters0/1,500

Business information

Important Disclaimer:

This is a tax estimate only and should not be considered as professional tax advice. Tax laws and rates are subject to change.

See our privacy policy.

Prefer to enter your own figures?

Use a country calculator with editable brackets and deductions, and download an Excel summary.

NigeriaUnited States (Federal, Single)United KingdomGermanyFrance

01

Starts with your real transactions

Upload the statement you already have. AI reads every line and sorts income from expenses.

02

Built for the self-employed

The estimate follows Schedule C categories and includes self-employment tax alongside federal income tax.

03

Full working, not just a number

You receive the categorized transactions, an income statement and the tax calculation, so you can check every step.

Why estimate income tax before you file

If you are self-employed or run a small business, no employer is withholding tax for you. An estimate during the year tells you how much to set aside, helps you plan quarterly estimated payments and removes the shock of a large bill in April.

The IRS explains who needs to pay during the year in its guide to estimated taxes.

How this calculator works

Upload a bank statement in Excel, CSV or PDF format (up to 10MB), or paste your transactions as text. Add your email, business name and industry, then submit.

AI groups your transactions into income and expense categories that follow Schedule C, works out your net profit and estimates federal income tax and self-employment tax. We email you the categorized transactions, the income statement and the tax calculation.

What the estimate does not include

The calculation covers federal tax only. It does not include state or local income tax, credits that depend on your household, or income from outside the bank statement you upload. Personal deductions and filing status can also change the final figure.

Outside the US, or if you would rather type in your own numbers, use one of our country calculators: United States, United Kingdom, Nigeria, Germany and France.

Questions, answered

Short answers about how this tool works, what it covers and where its limits are.

Get started

Excel (.xlsx or .xls), CSV and PDF, up to 10MB. You can also paste transactions as text.

Yes. The estimate includes self-employment tax as well as federal income tax on your business profit.

This bank statement calculator follows US federal rules. For other countries, use our calculators for the UK, Nigeria, Germany and France, where you enter your own figures.

Usually a few minutes. If the email does not arrive, check your spam or promotions folder.

Use it to plan and set money aside. Your final tax depends on details outside your bank statement, so confirm the figures with a tax professional before filing.

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