Independent Contractor Tax Calculator
Built for freelancers, consultants, and 1099 contractors. Includes home office, mileage, health insurance, and retirement contributions.
Independent contractors owe 15.3% SE tax plus federal and state income tax. Pay quarterly to avoid IRS underpayment penalties.
1099 income & deductions
For freelancers, consultants, and independent contractors paid on 1099-NEC. Covers home office, mileage, equipment, and self-employed health insurance.
Set aside from every invoice
21.0%
Quarterly payment
$3,942
Estimated owed
$16,582
Breakdown
1099 gross income$75,000
Mileage deduction (3,000 mi)− $2,100
Home office deduction− $1,500
Other business expenses− $4,900
Net self-employment income$66,500
Self-employment tax (15.3%)$9,396
Federal income tax$3,940
CA state tax (est.)$3,246
Total tax liability$16,582
Effective tax rate22.1%
Independent contractors must pay quarterly estimated tax to the IRS to avoid penalties.
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