Ultimate Tax Preparation

Free planning tool

Self-Employment Tax Calculator

Find out roughly how much to set aside from every payment you receive as a freelancer, gig worker, or owner-operator.

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  • 2026 tax year amounts
  • Nothing is saved or sent
  • Updates as you type

Your estimate

How Much Should You Set Aside?

Enter your yearly numbers. Nothing you type here is saved or sent to us.

Your numbers

$
Everything you earned before expenses: 1099-NEC, 1099-K, cash, and app payouts.
$
Fuel, tolls, supplies, phone, insurance, and other business costs.
$
For example a spouse’s wages. It affects which tax bracket you land in.

Your estimate

Set aside each year
$0

Net profit (income minus expenses)$0
Self-employment tax (Social Security + Medicare)$0
Federal income tax$0
Suggested per quarter$0
Suggested per month$0

Estimated payments are generally due in April, June, September, and January.

How this is figured. Uses 2026 tax year amounts: self-employment tax of 15.3% on 92.35% of net profit (Social Security portion capped at $184,500), half of that tax deducted, the 2026 standard deduction, an optional 20% QBI deduction, and 2026 federal brackets.

What it leaves out. State and local taxes, tax credits, additional Medicare tax, other deductions such as retirement contributions or health insurance, and new deductions for tips or overtime. W-2 wages that already used part of the Social Security cap are not accounted for. QBI limits at higher incomes are not applied.

This calculator gives a rough estimate for planning only. It is not tax advice and not a tax return. Your actual tax can be higher or lower.

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Independent Contractor Tax Preparation

Qualifying independent contractors can have their return prepared for a $250 flat fee. Eligibility is confirmed before payment.

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