Self-employment tax calculator

Estimate your income tax and self-employment tax bill from your freelance and W-2 income, and see what to set aside each quarter.

Your income

Enter your expected earnings for this year.

Freelance / 1099 income

W-2 / salary income (optional)

Filing status

Your estimate

Based on 2024 federal tax rates.

Self-employment tax$10,597

Social Security + Medicare (15.3%)

Federal income tax$7,175

After standard deduction & SE deduction

Total estimated tax$17,772

Effective rate: 23.7%

Quarterly payment$4,443

Set aside this amount every 3 months

Estimate only. Based on 2024 federal tax rates, standard deduction, and self-employment tax rules. Does not include state taxes, deductions, credits, or the 0.9% Medicare surtax on high earners. Not tax advice — consult a professional for your specific situation.

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