🧾 Freelancer Self-Employment Tax Estimator
Estimate quarterly self-employment taxes, income tax, and how much to set aside from each payment.
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📘 Complete Guide: Freelancer Self-Employment Tax Estimator
Use this free calculator to instantly estimate your numbers. All calculations happen in your browser — no data is stored.
How much should freelancers set aside for taxes?
Set aside 25-35% of every payment. The self-employment tax alone is 15.3% on net profit. Add your income tax bracket (10-37%) and you quickly reach 25-40% depending on income level.
When are freelancer quarterly tax payments due?
Q1: April 15, Q2: June 15, Q3: September 15, Q4: January 15. Underpaying by more than $1,000 results in IRS penalty fees. Pay early to avoid penalties.
What business expenses can freelancers deduct?
Home office, computer and software, internet and phone (business portion), professional development, health insurance premiums, travel, client meals (50%), and retirement contributions (up to $66,000/yr).