Self-Employed Income Calculator
Convert 2026 gross 1099 revenue into net self-employment income, taxable income, total tax, and the cash you actually keep.
Lenders, landlords, and the IRS all care about net income — not the total that hit your bank. Enter revenue, mileage, and expenses to see each number in the chain.
Self-employed income & expenses
Estimate federal + SE + state tax for the 2026 tax year in one pass.
Estimated total tax bill
$13,930
Refund / owed
-$13,930
Effective rate
23.2%
Detailed breakdown
Mileage deduction$5,600
Total business expenses$8,100
Net self-employment income$51,900
Self-employment tax (15.3%)$7,333
½ SE deduction (above-the-line)$3,667
Adjusted gross income$48,233
Taxable income$32,133
Federal income tax$3,608
State tax (est.)$2,988
Quarterly estimated payment$3,260
Marginal rate21.3%
Frequently asked questions
- How is self-employed income calculated?
- Start with gross 1099 and cash receipts, subtract business expenses to get net profit, then subtract the deductible half of self-employment tax and the standard or itemized deduction to reach taxable income.
- What is the difference between gross income and net income?
- Gross income is everything your clients or platforms paid you. Net income is what's left after business expenses, and it's the number your taxes are actually based on.
- How much tax will I pay on self-employed income?
- Expect 15.3% self-employment tax on about 92.35% of net profit, plus federal income tax at your bracket and any state tax. All-in, most gig workers land between 20% and 35% of net profit.
- Does the QBI deduction apply to my self-employed income?
- Usually yes. The Section 199A qualified business income deduction can shave up to 20% off qualified net profit for income tax purposes, but it never reduces self-employment tax.
- Do I count income without a 1099?
- Yes. Cash, Zelle, Venmo, and under-threshold platform payouts are all taxable business income and must be reported on Schedule C.
- What if I have both W-2 and self-employed income?
- They combine on Form 1040. Your W-2 Social Security wages count toward the wage base first, and you can increase W-2 withholding instead of making quarterly payments.
Related calculators
- Self-Employed Tax EstimatorEstimate federal, SE, and state tax for your full 1099 year.
- Side Hustle Tax CalculatorEstimate tax on side-gig 1099 income stacked on your W-2.
- Gig Worker Tax CalculatorFederal + SE + state tax and mileage for any mix of gig platforms.
- Freelancer Tax CalculatorFull 2026 tax estimate on freelance 1099 income and expenses.
Related blog posts
- How Much Should You Set Aside for 1099 Taxes?A clear, state-by-state framework for how much of every 1099 payout to set aside for taxes in 2026 — with worked examples for Uber, DoorDash, and freelancers.
- 1099 Tax Guide for Beginners: The 2026 WalkthroughNew to 1099 income? This beginner's guide covers forms, quarterly taxes, deductions, SE tax, and how to file — everything you need for the 2026 tax year.
- Side Hustle Tax Estimator: 2026 Free Calculator & GuideEstimate 2026 side hustle taxes in seconds. Combines W-2 + 1099 income, mileage, and expenses to show federal, SE, and state tax owed — plus a set-aside %.
- Self-Employed Tax Estimate Calculator: 2026 Full GuideFree 2026 self-employed tax estimate calculator. Federal, SE, and state tax in one pass — with deductions, quarterly payments, and set-aside % included.