Freelance Tax Estimator
Estimate your total tax liability, including self-employment, federal, and state taxes based on your annual gross revenue and deductions.
Annual Financials
Itemized Deductions
Tax Jurisdictions
Estimated Total Tax
'$' + Math.ceil(totalTax).toLocaleString()
Disclaimer: This is a high-level estimate for educational purposes. Consult a certified CPA for official tax filing and unique local deductions.
Freelancers pay a dual tax. First, Self-Employment Tax (15.3%) which covers Social Security and Medicare. Unlike employees whose companies pay half, freelancers pay the full amount.
Second, you pay standard Federal and State Income Tax on the remaining profit. This tool uses simplified bracket logic to give you a 'safety first' estimate of what you should set aside.