For US Freelancers
Freelancer Tax Calculator
Don't get surprised by a big tax bill. Estimate your 1099 taxes, including the minimal Self-Employment Tax.
Income & Expenses
Enter your annual 1099 details.
Estimated Tax Bill
$0
Effective Rate: 0.0%
Where Your Money Goes
Net Profit$0
Self-Employment Tax$0
Income Tax (Est.)$0
Take Home Pay$0
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Understanding Freelancer Taxes
As a 1099 worker, you are both the employer and the employee. This means you pay both sides of Social Security and Medicare taxes, known as Self-Employment Tax.
The 15.3% "SE Tax"
Regardless of your income tax bracket, you almost always owe roughly 15.3% of your net profit for Social Security and Medicare. This calculator estimates that amount plus your regular federal income tax.
Quarterly Estimated Taxes
Unlike W-2 jobs where tax is withheld from every paycheck, freelancers usually need to pay taxes four times a year (April, June, September, January) to avoid penalties.