cd ..
Finance
Freelancer Tax Estimator
Calculate how much tax to save as a freelancer. Estimates US self-employment tax, quarterly payments, and India GST + income tax. Free freelancer tax estimator.
self employment tax estimatorquarterly tax payment calculatorfreelance income tax calculatorhow much tax do freelancers pay1099 tax calculator
Income & Filing
$
$
$
Estimated Annual Tax
$14,820
Effective rate: 18.5%
Marginal rate: 22%
Net SE Income$65,000
Taxable Income$48,104
Federal Income Tax$5,636
Social Security (12.4%)$7,443
Medicare (2.9%)$1,741
Total$14,820
Quarterly Payment Schedule
Q1 (Jan–Mar)
Due: Apr 15, 2025
$3,705
25% of annual
Q2 (Apr–May)
Due: Jun 16, 2025
$3,705
25% of annual
Q3 (Jun–Aug)
Due: Sep 15, 2025
$3,705
25% of annual
Q4 (Sep–Dec)
Due: Jan 15, 2026
$3,705
25% of annual
Safe Harbor Amount
$13,338
Enter last year's tax above to get your exact safe harbor amount.
How Much to Save?
19% of every invoice
Set aside $1,235/month or 19% of each payment to a dedicated tax savings account.
Frequently Asked Questions
How much tax does a freelancer pay in the US?+
Freelancers pay self-employment tax (15.3% on net earnings) plus income tax. After the 50% SE tax deduction, effective SE tax is roughly 13-14% of net profit.
What percentage should I save for quarterly taxes?+
A common rule: save 25-30% of every payment if you're in a moderate income bracket, or use this calculator for a precise estimate.
What deductions can freelancers claim?+
Home office, software subscriptions, internet, phone (business %), equipment, professional development, and health insurance premiums.