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Freelance Tax Estimator

Calculate your take-home pay as a freelancer. Estimate self-employment tax, income tax, and net income for US, UK, Canada, Australia, and Germany.

Results

Taxable income $70,000.00
Estimated total tax $28,210.00
Net (take-home) $51,790.00
Set aside per quarter $7,052.50

Frequently asked questions

How is my estimated tax calculated?

It applies your estimated income-tax rate and self-employment tax rate to your gross income minus deductible expenses, then shows taxable income, total tax, take-home pay and a suggested amount to set aside each quarter.

Is this a substitute for professional tax advice?

No. It is a planning estimate to help you budget. Tax rules vary by country and situation, so confirm the specifics with a qualified accountant.

What counts as a deductible expense?

Usually the ordinary costs of running your business, such as software, equipment, a home-office share and professional services. Rules differ by jurisdiction, so keep records and check locally.

Why set money aside each quarter?

Many self-employed people owe estimated taxes through the year rather than in one lump sum. Setting aside the suggested amount each quarter avoids a large surprise bill.

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