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Freelancer / 1099 Tax Calculator

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How much to set aside for quarterly taxes as a freelancer

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How to use Freelancer / 1099 Tax Calculator

  1. 1Enter your freelance income and business expenses
  2. 2Add any W-2 income and your filing status
  3. 3See your total tax and the amount to set aside each quarter
  4. 4Note the 2026 quarterly payment due dates

About this tool

Estimate your US self-employment and income taxes as a 1099 freelancer or contractor, and see exactly how much to set aside each quarter. Factors in the 15.3% self-employment tax, business expenses, W-2 income, and 2026 quarterly due dates.

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Frequently asked questions

How much should a freelancer set aside for taxes?

A common rule is 25-30% of net income, but it varies. This calculator gives your exact figure by combining the 15.3% self-employment tax with federal and state income tax.

What is self-employment tax?

Self-employment tax is 15.3% (12.4% Social Security + 2.9% Medicare) on 92.35% of your net freelance income. As a freelancer you pay both the employer and employee halves.

When are quarterly taxes due in 2026?

Estimated quarterly taxes are due April 15, June 16, September 15 (2026), and January 15, 2027.