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Life & fun · October 2, 2019

Freelace tax rate calculator

Find out how much to set aside for taxes (US only)

Freelace tax rate calculator launched on October 2, 2019 with 6 votes, #1,208 of 3,363 launches that month and more than 50% of that year's launches. The site was still online in September 2026, 7 years on.

What it does

As a freelancer, taxes are not being withheld from your paychecks. That’s why it’s important to set aside money during the year to avoid a nasty surprise.

If you’re a freelancer or self-employed, you should be setting aside money for taxes throughout the year. Input your estimated income, tax status, and state to calculate exactly how much you should be setting aside year-round.

In general, we recommend setting aside 25-30% of your 1099 income for taxes. Try our calculator to get a better estimate of what you’ll owe at the end of the year. Try Keeper absolutely free for 14 days and we’ll find every business deduction you’ve missed or forgotten about. On average, users find $1,249 or more in savings. It’s hard enough to save money for your own financial goals, let alone for taxes. But anyone who’s been on the self-employment merry-go-round will tell you that planning for your tax bill is essential. As a rule of thumb, I usually recommend self-employed people save 20-30% of their earnings for Uncle Sam. This is about how much it takes to cover income and…from keepertax.com

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    After having been a regular employee for years, I worked as a freelancer for a while. Going into my freelancing life I had no real mental model for how much of the money I earned was truly mine to spend, and how much of it I needed to set aside for taxes, vacations, retirement, and in case I got sick. I modelled this in Excel as best I could and was quite surprised both by how complicated it was to get right, and how much money I actually needed to set aside! As my girlfriend also started freelancing last year, I decided to turn my Excel sheet into a little program she could use too, and in…

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