🧾 Career

Freelance Tax Estimator

Estimate self-employment, federal, and state taxes owed as a freelancer or contractor.

Freelance income

Business expenses

Other income (W-2 etc.)

Retirement contrib. (IRA/SEP)

State income tax rate5%

2024 Tax Estimate

Self-employment tax (15.3%)$9,184

Federal income tax$4,545

State income tax (5%)$2,720

Total tax$16,450

Effective tax rate20.6%

Quarterly estimate$4,112

Net profit after tax$48,550

Estimate only — consult a CPA for your actual return

Tool overview

Estimate US self-employment, federal, and state income taxes for freelancers.

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