Finance & Economics / Freelance & Creator Finance
Quarterly Tax Estimator (Self-Employed)
Revenue minus expenses
Standard deduction, retirement, etc.
Your estimated marginal rate
0% if no state income tax
About Quarterly Taxes
Formulas:
- Self-Employment Tax = Net Income × 0.9235 × 0.153
- Federal Income Tax = (Net Income - SE Tax/2 - Deductions) × Federal Rate
- Quarterly Payment = Total Annual Tax / 4
Important: This is an estimate. Actual taxes may vary based on credits, additional deductions, and exact income levels.
Penalties: The IRS requires quarterly payments if you expect to owe $1,000 or more in taxes. Missing payments can result in penalties.
See Also
Other calculators in Freelance & Creator Finance