Calculate your estimated taxes, deductions, and net income with our free tool. Perfect for freelancers, contractors, and small business owners.
Gross Income
$0.00
Taxable Income
$0.00
Income Tax
$0.00
Self-Employed Tax
$0.00
Total Estimated Tax
$0.00
Net Income After Tax
$0.00
Enter your financial details and click "Calculate" to see your tax estimation results.
Our Self-Employed Tax Estimator is a free tool designed to help freelancers, independent contractors, and small business owners calculate their estimated tax liability.
This tool provides an approximation of your federal income tax, self-employment tax (Social Security and Medicare), and state taxes based on current tax rates and regulations.
Whether you're a full-time freelancer or have a side gig, this calculator helps you plan for your tax obligations throughout the year.
This tool provides a reliable estimate based on current tax rates and formulas. However, actual tax liability may vary based on your specific circumstances, additional deductions, credits, and changes in tax laws. Always consult with a tax professional for personalized advice.
Self-employment tax is the Social Security and Medicare tax for self-employed individuals. It's currently 15.3% of your net earnings (12.4% for Social Security and 2.9% for Medicare). This is in addition to your regular income tax.
Self-employed individuals generally need to make quarterly estimated tax payments. The deadlines are typically April 15, June 15, September 15, and January 15 of the following year.
Common deductions include home office expenses, business supplies, equipment, travel, professional services, advertising, insurance, and a portion of your internet and phone bills. Keep detailed records of all business-related expenses.
Yes, this Self-Employed Tax Estimator is completely free to use with no hidden fees or registration requirements. We're committed to providing valuable financial tools at no cost.
Disclaimer: This calculator provides estimates only and should not be considered tax advice. Tax laws are complex and subject to change. Consult with a qualified tax professional for advice specific to your situation.