Estimate your quarterly self-employment tax payment in seconds.
Did you know?
Freelancers typically pay self-employment tax on top of income tax. In the US, the standard rate is 15.3%, but you can deduct half of it from your taxable income to reduce your income tax bill.
EUR
€3,825
Estimated quarterly tax payment
Net profit€50,000
Self-employment tax€7,065
Est. income tax€8,235
Total annual tax€15,300
How this freelance tax estimator works
Enter your annual gross income and deductible business expenses to find your net profit.
Set your self-employment tax rate — the default is 15.3% (US standard), but freelancers in other countries should enter their applicable rate.
The tool estimates your income tax using a simplified progressive bracket model and divides your total annual tax by 4 for the quarterly figure.
This is an estimate for planning purposes only — consult a tax professional for precise advice.
FAQ
What is the self-employment tax rate?
In the US the standard rate is 15.3% (12.4% Social Security + 2.9% Medicare). Freelancers in other countries should enter their applicable rate in the field above.
Why do I pay quarterly taxes?
Tax authorities in most countries require self-employed people to pay estimated taxes throughout the year. In the US, payments are due in April, June, September and January.
What counts as a business expense?
Ordinary and necessary business expenses such as software, equipment, home office costs, professional development and contractor payments can typically be deducted. Rules vary by country.