Know Your True Take-Home as a Freelancer

Calculate self-employment taxes, quarterly payments, and maximize your deductions

Updated for 2025 tax year
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Calculate Your Self-Employment Take-Home

Get instant calculations for self-employment tax, income tax, and your true net income after all deductions.

Your Income & Expenses

$
$

Home office, equipment, software, mileage, etc.

Select your state to include state income tax in calculations.

SSTB businesses have QBI deduction limits above $191,950 (single) / $383,900 (married).

Quick Examples:

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Your Take-Home Breakdown

Net Annual Take-Home

$51,695

After all taxes and expenses

Gross Income$75,000
- Business Expenses$10,000
Net Business Income$65,000
- Self-Employment Tax (15.3%) $9,184
- Federal Income Tax$4,121
Total Tax$13,305

Effective Tax Rate

17.74%

QBI Deduction

$9,082

W-2 Comparison

Your $51,695 1099 take-home is equivalent to approximately $54,548 W-2 salary.

Tax Savings Recommendation

Set aside 18% of each payment for taxes (approximately $3,326 per quarter).

Income Breakdown

See how your income is divided

$13,305
$51,695
Net Take-Home
68.9%
Taxes
17.7%
Expenses
13.3%

💰 $10,000 in expenses = $2,700 tax savings

Tax Breakdown

Effective Tax Rate by Income

See how your effective tax rate changes as your income increases

📊 Your Tax Brackets

Your income falls into multiple tax brackets. Here's how much of your income is taxed at each rate:

$0 – $11,92510%
$11,925
$11,925 – $48,47512%
$24,401
Total Federal Income Tax:$4,121
Effective Tax Rate:11.3%

Note: This shows federal income tax brackets only. Self-employment tax (15.3%) and state taxes are calculated separately.

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Educational Purposes Only

These calculations are estimates for educational purposes. Tax situations vary. Consult a tax professional for personalized advice. Calculations are based on 2025 federal tax rates and state income tax rates where applicable.

Everything You Need to Manage Self-Employment Taxes

Quarterly Tax Calculator

Calculate your quarterly estimated tax payments with exact due dates and amounts.

Learn more

Expense Deductions

See exactly how much each business expense saves you in taxes.

Learn more

W-2 vs 1099 Comparison

Find out what freelance rate you need to match your W-2 salary.

Learn more

Tools Our Freelancers Love

When it is time to send polished deliverables, InvoiceFlow makes whipping up branded invoices effortless. Keep your spending plan honest between payouts with BudgetBuddy so you always know what you can safely reinvest in the business.

Getting ready for quarterly payments? Let TaxWiser double-check the numbers while you update your plan here, so nothing catches you off guard at tax time.