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Self-Employed Tax Estimator

Freelancers and contractors can estimate their total tax liability and social security contributions.

# Freelance # Contractor # Tax # Small Business

Total Annual Revenue

Business Expenses

Income Tax Rate (%)

SE/Social Tax Rate (%)

Estimated Net Annual Income

$26,865

Profit After Expenses

$45,000

Total Estimated Tax

$18,135

Total Tax Rate

30.2%

Performance Forecast

Growth Projection

Live Estimates

4 Data Points

ExpensesIncome TaxSE Tax

Projected Value Market Avg

Self-Employment Summary

Analysis of revenue, deductible expenses, and estimated tax burden for a freelancer/contractor.

Item	Amount	% of Revenue
1 Total Gross Revenue	$60,000	100%
2 Business Expenses	-$15,000	25.0%
3 Taxable Profit	$45,000	75.0%
4 Est. Income Tax	-$11,250	25%
5 Est. SE Tax (Social)	-$6,885	15.3%
6 Total Tax Liability	-$18,135	30.2%
7 Net Take-Home	$26,865	44.8%

* Estimates based on fixed annual returns and monthly contributions.

Tax for the Modern Worker

As a freelancer or self-employed individual, you are responsible for both the employer and employee portions of social security taxes, alongside regular income tax.

🧾 The Power of Deductions

Every business-related expense you have—software, home office, equipment—reduces your taxable income. Maximizing legitimate deductions is the best way to lower your tax bill.

Don't Get Caught Off Guard

Because taxes aren't automatically withheld from your paychecks, it's recommended to set aside 25-30% of every payment you receive into a separate savings account for tax season.

Results Self-Employed Tax Estimator

This is a powerful online tool designed to help you calculate your Tax metrics instantly. We are dedicated to providing accurate and easy-to-use financial and life tools.

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