SnapTax

About SnapTax

SnapTax is a comprehensive tax planning software designed specifically for freelancers and 1099 workers. This tool addresses the unique challenges faced by independent contractors, gig workers, and small business owners who must manage their own tax obligations. With SnapTax, users can track their income, deductions, mileage, and quarterly tax payments all in one convenient platform. The software provides real-time insights into federal and state tax liabilities, allowing users to enter their income and deductions to calculate estimated quarterly payments and projected annual taxes based on the latest IRS tax brackets and self-employment tax rates. Key features include AI-driven expense categorization, which allows users to upload bank statements and automatically sort transactions into Schedule C categories, and a GPS-based mileage tracker that maintains IRS-compliant audit logs. Additionally, SnapTax offers receipt management capabilities, enabling users to snap, email, or upload receipts, with OCR technology extracting essential details like vendor, amount, and date. The platform also includes asset depreciation tracking for equipment and vehicles, as well as monthly and annual profit and loss reports that can be easily exported for use with TurboTax. SnapTax is ideal for a wide range of users, including independent contractors, consultants, real estate agents, rideshare drivers, content creators, and anyone else who receives 1099-NEC or 1099-K income, ensuring they remain tax-ready throughout the year.