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Home/Tools/Finance & Tax/Income Tax Calculator/For Self-Employed

Income Tax Calculator for Self-Employed & Freelancers

Free income tax calculator for US federal taxes (2024). Select your filing status, enter gross income, and see estimated taxes across all brackets. Includes FICA (Social Security + Medicare), effective and marginal tax rates, and monthly after-tax income. Disclaimer: estimates only, consult a tax professional. Tailored with tips and guidance for Calculators optimized for self-employed individuals, freelancers, and gig workers..

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Self-EmployedTips for Self-Employed & Freelancers

  • 1You pay both employee and employer portions of FICA — 15.3% total (12.4% SS + 2.9% Medicare)
  • 2Estimated quarterly tax payments are due Apr 15, Jun 15, Sep 15, Jan 15
  • 3The qualified business income (QBI) deduction can save up to 20% on pass-through income
  • 4Track all business expenses — home office, equipment, software, and mileage are deductible
  • 5Consider a SEP-IRA (up to $69,000 in 2024) or Solo 401(k) for retirement savings
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About Income Tax Calculator for Self-Employed & Freelancers

This income tax calculator is specifically designed for Calculators optimized for self-employed individuals, freelancers, and gig workers.. Whether you're just getting started or looking to optimize your financial strategy, this calculator provides the insights you need to make informed decisions.

Why Self-Employed & Freelancers Need This Calculator

Self-Employed & Freelancers face unique financial considerations that generic calculators don't address. Use the tips above alongside this income tax calculator to get a complete picture of your financial situation. The calculator is completely free, runs instantly in your browser, and never stores your personal data.

← View Income Tax Calculator (general version)

Income Tax Calculator for Other Groups

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Disclaimer
This is an estimate only based on 2024 US Federal tax brackets. It does not constitute tax advice. State and local taxes are not included. Consult a qualified tax professional for your actual tax situation.
Enter your annual gross income above to estimate your federal income tax and FICA taxes.
2024 Federal Tax Brackets — Single
RateTaxable Income Range
10%$0 – $11,600
12%$11,600 – $47,150
22%$47,150 – $100,525
24%$100,525 – $191,950
32%$191,950 – $243,725
35%$243,725 – $609,350
37%$609,350 – and above
Standard Deduction: $14,600 · SS Wage Base: $168,600 · Medicare Surcharge Threshold: $200,000
Important: This calculator provides estimates based on 2024 US Federal tax brackets and standard FICA rates. It does not account for state/local taxes, tax credits (e.g., Child Tax Credit, EITC), capital gains, self-employment tax, AMT, or other tax situations. This is not tax advice. Always consult a qualified tax professional for your specific situation.