How It Works
Three simple steps to get accurate calculations
1
Enter Your Income
Input your freelance income, filing status, and state tax rate.
2
Add Deductions
Include business expenses and choose between standard or itemized deductions.
3
Plan Payments
Get your total tax liability and suggested quarterly payment amounts.
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Frequently Asked Questions
How much should freelancers pay in taxes?
Freelancers typically pay 25-30% of income in taxes, including 15.3% self-employment tax, federal income tax, and state taxes. The amount depends on income level and deductions.
When are quarterly taxes due in 2026?
Quarterly tax deadlines for 2026 are: Q1 (Jan-Mar) due April 15, Q2 (Apr-May) due June 16, Q3 (Jun-Aug) due September 15, Q4 (Sep-Dec) due January 15, 2027.
What expenses can freelancers deduct?
Freelancers can deduct home office expenses, equipment, software, training, marketing, travel, meals (50%), and other business-related expenses. Keep detailed records and receipts.
Do I need to pay quarterly taxes?
If you expect to owe $1,000 or more in taxes, you should make quarterly payments to avoid penalties. Most freelancers earning over $5,000 annually need quarterly payments.
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Results are estimates for informational purposes only. Consult professionals for important decisions.