Our Tax Calculation API estimates a User’s tax liability on self-employment incomes. Our API incorporates a range of income types, offset against business expenses, to estimate taxes owed at both the federal and state level. If available, Abound® also considers year-to-date tax payments in order to calculate a user’s tax liability.
Tax calculations are used by banks, invoice and commission payment platforms, marketplaces, bookkeeping solutions, mobile wallets and other independent contractor tools.
Updated 6 months ago