Tax savings estimator
Oil & Gas Tax Deduction Calculator
Estimate your first-year federal and state tax savings from Intangible Drilling Cost (IDC) deductions. Adjust for your income type, bracket, and investment size.
Estimated first-year tax savings
—
—
IDC write-off —
Net cost after tax —
Tax ROI —
IDC deduction yr 1
—
intangible drilling costs
Federal tax saved
—
at your bracket
State tax saved
—
—
Net cost of investment
—
after all tax benefits
Breakeven return
—
on net-of-tax cost
Depletion allowance
15%
of ongoing production income
| Strategy | 1st-yr deduction | Tax saved | Income offset |
|---|
401k assumes $23,000 max contribution. Depreciation assumes equipment purchase at same investment size. All figures use your current bracket and income inputs.
See if this strategy fits your situationTalk to a Fieldvest advisor — free, no commitment required.
For educational purposes only. This tool does not constitute tax or legal advice. IDC deductibility depends on income type, passive activity rules, and IRS qualification. Results are estimates only. Consult a qualified CPA or tax attorney before making investment decisions.
Invest with Fieldvest to access top U.S. oil and gas projects offering strong returns and valuable tax benefits. Whether you’re a new or experienced accredited investor, diversify your portfolio with opportunities in the energy sector.