2026 Calculator
Freelance Tax Calculator
Calculate your freelance taxes and take-home pay
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*Based on estimated 2026 projections. Data may not reflect real-time legislative changes.
FAQ
How much should freelancers save for taxes?
A safe rule is to save 25-30% of your freelance income for taxes. This covers self-employment tax (15.3%) plus federal income tax (10-37% based on bracket). State taxes may require saving more. Set aside money from each payment you receive.
What deductions can freelancers claim?
Common deductions include home office (simplified: $5/sq ft up to 300 sq ft), internet/phone (business %), equipment and software, professional development, health insurance premiums, retirement contributions (SEP-IRA, Solo 401k), and travel for business purposes.
Do freelancers need to file quarterly taxes?
Yes, if you expect to owe $1,000+ in taxes. Quarterly estimated payments are due April 15, June 15, September 15, and January 15. Use IRS Form 1040-ES. Many freelancers set aside 25-30% of each payment for taxes.