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

Quarterly Tax Calculator for Self-Employed & Freelancers

Calculate quarterly estimated tax payments with federal + state taxes, safe harbor rules, and payment deadlines for all 50 US states. Free, fast, and private — runs entirely in your browser. 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 Quarterly Tax Calculator for Self-Employed & Freelancers

This quarterly 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 quarterly 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 Quarterly Tax Calculator (general version)

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Disclaimer
This is a simplified estimate based on 2024 US Federal tax rules for self-employed individuals (1099). Does not account for all deductions, credits, or complex situations. Consult a CPA for your actual tax obligations.
For safe harbor calculation (line 24 on prior Form 1040)
1099 Income: $100,000 − Expenses: $15,000 = Net SE Income: $85,000
Estimated Quarterly Payment
$4,372.50
per quarter ($17,490/year after withholdings)
Total Annual Tax
$17,490
Effective Rate
20.6%
After-Tax Income
$67,510
Monthly Take-Home
$5,626
Quarterly Due Dates & Payments
Q1Jan 1 - Mar 31
$4,372.50
Due: April 15, 2025
Q2Apr 1 - May 31
$4,372.50
Due: June 16, 2025
Q3Jun 1 - Aug 31
$4,372.50
Due: September 15, 2025
Q4Sep 1 - Dec 31
$4,372.50
Due: January 15, 2026
Pay via IRS Direct Pay (irs.gov/directpay) or EFTPS.gov. Use Form 1040-ES vouchers if paying by mail.
Annual Tax Breakdown
Federal Income Tax$5,480
Adjusted Gross Income$78,995
Standard Deduction-$14,600
QBI Deduction (20%)-$17,000
Taxable Income$47,395
Self-Employment Tax (15.3%)
Total SE Tax$12,010
Social Security (12.4% on $78,498)$9,734
Medicare (2.9%)$2,276
SE Deduction (50% of SE Tax)-$6,005
Total Annual Tax$17,490
Income Distribution
79%
Take-HomeFederalSE Tax
Safe Harbor Rule (Avoid Underpayment Penalty)
You can avoid the underpayment penalty if you pay at least the lower of these two amounts throughout the year.
Option 1: 90% of Current Year Tax
$15,741
$3,935.25/quarter
Option 2: 100% of Prior Year Tax
N/A
Enter prior year tax above
Minimum Safe Harbor Quarterly Payment
$3,935.25
Using 100% of prior year threshold
After-Tax Take-Home Pay
Annual
$67,510
Monthly
$5,626
Weekly
$1,298
Important Notes for 1099 Freelancers

Self-Employment Tax: As a 1099 worker, you pay both the employer and employee portions of Social Security (12.4%) and Medicare (2.9%) taxes, totaling 15.3% on 92.35% of net earnings.

Safe Harbor Rule: To avoid underpayment penalties, pay either 90% of your current year tax or 100%/110% of your prior year tax (110% if your AGI exceeds $150K) throughout the year via quarterly estimated payments.

Common Deductions: Home office, equipment, software, health insurance premiums (self-employed), SEP-IRA or Solo 401(k) contributions, professional development, and business travel.

QBI Deduction: The Section 199A Qualified Business Income deduction allows eligible self-employed individuals to deduct up to 20% of their qualified business income.

Disclaimer: This is an estimate only. State tax rates shown are approximate. Does not account for all deductions, credits, AMT, or complex situations. Consult a qualified tax professional.