Estimate Your Freelance Taxes (2026)

Stop guessing. Get instant, accurate estimates for your self-employment taxes and know exactly what to set aside.

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Deductible expenses like software, home office, etc.

How Freelance Taxes are Calculated

Self-employment tax consists of the employer and employee portions of Medicare and Social Security taxes (15.3%). As a freelancer, you are responsible for both sides.

  • Deductible Expenses: Lower your taxable income by writing off business costs.
  • Quarterly Payments: Avoid penalties by paying estimated taxes 4 times a year.

Frequently Asked Questions

How much should I save?

We recommend setting aside 25-30% of your profit. This safe buffer accounts for federal, state, and self-employment taxes.

What is "Self-Employment Tax"?

It's a flat 15.3% tax on your net earnings that funds Social Security (12.4%) and Medicare (2.9%). Employees split this with their boss, but you pay it all.

When do I pay?

The IRS requires quarterly payments if you expect to owe more than $1,000. Due dates are roughly mid-April, June, September, and January.