Freelance Tax Calculator 2026 | Estimate Self-Employment Taxes

Freelance Tax Pro 2026

Stop guessing. Calculate your exact take-home pay, taxes, and hidden expenses.

Income Details

Annual Revenue (Gross)

Total money received before expenses.

Business Expenses

Software, equipment, home office, etc.

Tax Profile

Filing Status

Location (State)

Pro Tip: Every $1,000 in expenses saves you roughly $250-$350 in taxes.

Estimated Take Home Pay

After all taxes and expenses.

Effective Tax Rate 0%

You keep 0%

Where your money goes

Detailed Breakdown

Gross Profit $0

Self-Employment Tax

Social Security & Medicare

-$0

Federal Income Tax -$0

State Income Tax -$0

Good News: You can reduce this tax bill by contributing to a SEP-IRA or Solo 401(k).

Frequently Asked Questions

How much tax should I set aside for freelance work?

A safe rule of thumb is to set aside 25% to 30% of your gross income. This covers the 15.3% Self-Employment tax plus your estimated Federal and State income taxes.

What is Self-Employment Tax?

It is a 15.3% tax consisting of Social Security (12.4%) and Medicare (2.9%). W-2 employees split this with their employer, but freelancers must pay the full amount themselves.

Can I deduct business expenses?

Yes! You can deduct “ordinary and necessary” costs like software subscriptions, home office portions, internet bills, and advertising. These deductions directly lower your taxable income.

Disclaimer: This tool is for estimation purposes only and does not constitute professional tax advice. Tax brackets and rates are subject to change by the IRS.