Freelance Tax Dashboard
See your full freelance tax picture in one place. Enter your income and expenses to get estimated taxes, quarterly payment amounts, and self-employment tax breakdown.
Freelance Income Details
Total 1099 / freelance income for the year
Business Expenses
Simplified method: $5/sq ft, up to 300 sq ft ($1,500 max)
Total estimated payments already made this year
Enter your freelance income
We'll estimate your taxes and quarterly payments
Freelance Tax Essentials
Self-Employment Tax
Freelancers pay both the employer and employee portions of Social Security (12.4%) and Medicare (2.9%) taxes, totaling 15.3% on net earnings. You can deduct half of this from your AGI.
Quarterly Payments
The IRS requires estimated tax payments four times per year if you expect to owe $1,000 or more. Missing payments can result in underpayment penalties.
Business Deductions
Freelancers can deduct ordinary and necessary business expenses from their income. Keep detailed records and receipts for all business expenses throughout the year.