Freelancer Tax Calculator
Estimate your taxes and take-home pay in seconds.
Income & Expenses
Includes Income Tax + Self-Employment Tax (typically 25-30%)
Your Take Home Pay
$0
0.0% Net Margin
Taxable Income$0
Estimated Taxes-$0
Expenses-$15,000
How to Calculate Taxes for Freelancers?
As a freelancer, you are responsible for paying your own taxes. This typically includes:
- Income Tax: Based on your tax bracket.
- Self-Employment Tax: Covers Social Security and Medicare (approx. 15.3% in the US).
To calculate your profit, simply subtract your business expenses from your total revenue. Then, apply your estimated tax rate to find your net take-home pay.