Side Hustle & Freelance Tax Calculator — US Self-Employment Tax Estimator
Estimate self-employment (SE) and federal income taxes on side hustle or freelance 1099 earnings.
How to use this calculator
👉 Fill in the boxes below and your answer appears instantly — no maths needed, we do it all for you! 🎉
In plain English — what does this do?
💵 A money helper! It works out things like how much to save, how much you owe, or how much you’ll have in the future. Just fill in the boxes and you’ll get your answer.
Self-employed individuals must pay Self-Employment (SE) tax to cover Social Security and Medicare, in addition to regular income tax. SE tax is currently 15.3% on 92.35% of your net self-employment earnings.
Freelance Net Take-Home Estimates
What is Side Hustle & Freelance Tax Calculator — US Self-Employment Tax Estimator?
Self-employed individuals must pay Self-Employment (SE) tax to cover Social Security and Medicare, in addition to regular income tax. SE tax is currently 15.3% on 92.35% of your net self-employment earnings.
How to use it
- 1️⃣ Enter your annual gross freelance income (e.g. $25,000).
- 2️⃣ Enter your deductible business expenses (e.g. $3,000).
- 3️⃣ Input your filing status and other regular W2 job income (optional) to estimate tax brackets.
- 4️⃣ The tool calculates your net profit, SE tax, estimated income tax, and final take-home income.
Formula
💡 See it in action — a real example
❓ Common questions
- What is a 1099 tax rate?
- A 1099 independent contractor pays both the employer and employee portions of Social Security and Medicare taxes, totaling 15.3% in the US, plus standard federal/state income taxes.