Quarterly Tax Payment Estimator
Estimate your quarterly estimated tax payments including self-employment tax. Never miss a deadline.
Total freelance revenue before expenses
Deductible business costs for the year
Your marginal income tax rate
Self-employment tax is 15.3% (12.4% Social Security + 2.9% Medicare)
Quarterly Tax Payment
Amount to pay each quarter to avoid underpayment penalties
$9,626.25
Total Annual Tax
$38,505.00
Income Tax
$25,500.00
Self-Employment Tax (SS + Medicare)
$13,005.00
Effective Tax Rate
38.5%
Monthly Set-Aside
Save this each month so quarterly payments are covered
$3,208.75
Taxable Income
Income after deducting business expenses
$85,000.00
📅 Quarterly Estimated Payment
Due: Apr 15, Jun 15, Sep 15, Jan 15
Payment per period: $9,626.25
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Stop Guessing Your Quarterly Taxes
Most freelancers dread tax season because they're unsure how much to set aside. This calculator estimates your quarterly payments based on your income, expenses, and country-specific self-employment tax rates so you can budget with confidence.
How Quarterly Taxes Work
As a freelancer, no employer withholds taxes from your pay. Instead, you make four estimated payments throughout the year. The IRS expects you to pay at least 90% of your current year's tax or 100% of last year's tax to avoid penalties.
Frequently Asked Questions
When are quarterly tax payments due?
What happens if I don't pay quarterly taxes?
Do I need to pay quarterly taxes?
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FreshBooks
Invoicing and accounting software built for freelancers. #1 rated for ease of use.
QuickBooks Self-Employed
Track income, expenses, and mileage. Maximize tax deductions automatically.
Xero
Beautiful accounting software for small businesses and freelancers.
Wave
100% free invoicing and accounting. Perfect for solo freelancers.
Bonsai
Contracts, proposals, invoices, and accounting — all-in-one freelance suite.
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Payroll and benefits for freelancers who hire contractors or employees.
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