1099 Self-Employment Tax Calculator
Freelancer or contractor? Calculate your self-employment tax burden, quarterly estimated payments, and true take-home pay.
Enter Your 1099 Income
What This Calculator Does
- 15.3% self-employment tax calculation
- Federal income tax estimates
- Quarterly payment schedule with due dates
- Business expense deductions
- Compare 1099 vs W-2 take-home pay
Frequently Asked Questions
What is the self-employment tax rate?
Self-employed individuals pay 15.3% (12.4% Social Security + 2.9% Medicare) on net self-employment income. You can deduct half of this on your tax return.
When are quarterly estimated taxes due?
Q1: April 15, Q2: June 15, Q3: September 15, Q4: January 15 of the following year.
How much should I set aside for taxes as a 1099 contractor?
A safe rule is 25-30% of gross income. This covers federal income tax, self-employment tax, and state taxes.
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Calculate your take-home pay after federal, state, and FICA taxes. See net annual, monthly, and weekly pay with detailed deduction breakdowns.
Gross to Net Calculator
Convert your gross salary to net take-home pay instantly. See a detailed tax breakdown with federal, state, and FICA deductions for any salary.
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Need the full picture?
Use our main income calculator with YTD data for the most accurate annual projection.
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