🧾 Career

Freelance Tax Estimator

Estimate self-employment, federal, and state taxes owed as a freelancer or contractor.

Freelance income

Business expenses

Other income (W-2 etc.)

Retirement contrib. (IRA/SEP)

State income tax rate5%

2024 Tax Estimate

Self-employment tax (15.3%)$9,184

Federal income tax$4,545

State income tax (5%)$2,720

Total tax$16,450

Effective tax rate20.6%

Quarterly estimate$4,112

Net profit after tax$48,550

Estimate only — consult a CPA for your actual return

Before you rely on the numbers

Countfield calculators and guides are planning aids, not personal financial advice. Review the assumptions, compare scenarios, and verify major decisions with the relevant lender, tax professional, or advisor.

Methodology Financial disclaimer Editorial standards

Tool overview

Estimate US self-employment, federal, and state income taxes for freelancers.

• SE tax (15.3%)
• 2024 federal brackets
• Quarterly estimate

Use Cases

• Translate gross pay into realistic take-home income before accepting an offer.
• Compare salary scenarios across states, pay structures, and overtime assumptions.
• Use adjacent tools to turn annual pay into hourly or contractor planning math.

Adjacent Tools

💼

Salary Tax Calculator

Estimate your net take-home salary after US federal tax, state tax, and FICA deductions.

⏰

Hourly to Salary Calculator

Convert your hourly wage to annual salary and all other pay period equivalents.

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