Freelancer Tax Estimator
Estimate your self-employment taxes including federal income tax, Social Security, and Medicare.
Business expenses, home office, etc.
Total Annual Tax
$26,416.30
Effective rate: 26.42%
Quarterly Estimated Payment
$6,604.07
Due: Apr 15, Jun 15, Sep 15, Jan 15
Federal Income Tax
$12,286.75
Social Security
$11,451.40
Medicare
$2,678.15
Take-Home Pay
$73,583.70
⚠️ Important Notes
- This is a federal estimate only — state taxes are not included
- Self-employment tax is 15.3% (Social Security + Medicare)
- You can deduct 50% of SE tax from your income tax
- Consult a tax professional for your specific situation
Recommended Tools
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.
Gusto
Payroll and benefits for freelancers who hire contractors or employees.
We may earn a commission if you sign up through these links, at no extra cost to you.
Understanding Freelance Taxes
As a freelancer, you're responsible for both the employee and employer portions of Social Security and Medicare taxes (15.3% combined). This is on top of your regular income tax. Our estimator breaks down each component so you know exactly what to set aside.
Frequently Asked Questions
How much tax do freelancers pay?
Do I need to pay quarterly estimated taxes?
Recommended Tools
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.
Gusto
Payroll and benefits for freelancers who hire contractors or employees.
We may earn a commission if you sign up through these links, at no extra cost to you.