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Insurance Agent Tax Calculator

Calculate your 2026 taxes as an independent Insurance Agent. Deduct licensing, lead costs, and office expenses. Updated for the 2026 Tax Season.

Enter Your Earnings
Saves you $0 in taxes
California Tax Rate: 9.3%

Common Deductions for Insurance Agents

Licensing & Appointments

State licensing, renewals, and carrier appointment fees.

Errors & Omissions Insurance

Professional liability coverage for your practice.

Lead Generation

Purchased leads, ads, and marketing spend tied to sales.

CRM & Communication Tools

CRM subscriptions, phone systems, and meeting software.

How to file taxes as a Insurance Agent

As a Insurance Agent, you are likely classified as an independent contractor (1099). This means taxes are not automatically withheld from your paychecks. You are responsible for paying:

  • Self-Employment Tax: 15.3% (Covering Social Security and Medicare)
  • Federal Income Tax: Based on your tax bracket
  • State Income Tax: Depending on where you live

The good news is that you can lower your taxable income by deducting "ordinary and necessary" business expenses. Use the list above to find write-offs specific to the Finance & Accounting industry.