Enter your income above to see your estimated taxes instantly.
Tax Breakdown
Net Income$0
Self-Employment Tax (15.3%)$0
Federal Income Tax$0
⚑ Total Tax$0
✦ Take-Home Income$0
Effective Tax Rate0%
Visual Split
Income
$0
Tax
$0
Take-Home
$0
1099 vs W-2 Comparison
Category
1099
W-2 Est.
Total Tax
$0
$0
Take-Home
$0
$0
Tax Rate
0%
~22.5%
* W-2 estimate assumes ~22.5% effective rate. Employer covers half of SE tax.
Quarterly Tax Planner
Q1
Due Apr 15
$0
Q2
Due Jun 15
$0
Q3
Due Sep 15
$0
Q4
Due Jan 15
$0
Income Breakdown
📅 Monthly Take-Home$0
📆 Weekly Take-Home$0
📇 Daily Take-Home$0
Expense Optimizer
💡 If you increase your deductible expenses by $1,000, you could save approximately $153 in taxes.
Tax Saving Tips
✅
Track All Business ExpensesEvery deductible expense reduces your taxable net income — software, home office, equipment, subscriptions.
✅
Contribute to a SEP-IRA or Solo 401(k)Deduct up to 25% of net income (max $69,000 for 2024) — one of the best tax shelters available.
✅
Deduct Business MileageIRS standard rate is 67¢/mile (2024). 10,000 miles = $6,700 deduction.
1099 Tax Calculator (USA)
Free tool to estimate self-employment taxes, federal income tax, quarterly payments, and take-home income for freelancers and independent contractors.
How to Calculate 1099 Taxes
Subtract business expenses from gross income → calculate 15.3% SE tax → deduct half SE tax + standard deduction → apply federal brackets → sum for total tax.
1099 vs W-2 Taxes
W-2 employees have taxes withheld automatically; employers pay half of FICA. 1099 contractors pay the full 15.3% SE tax but can deduct business expenses, mileage, retirement contributions, and health insurance premiums.
Quarterly Tax Payments Explained
If you expect to owe $1,000+, the IRS requires quarterly estimated payments: Apr 15 · Jun 15 · Sep 15 · Jan 15. Missing deadlines may trigger underpayment penalties.
