1099 Tax Estimator
Estimate your 1099 self-employment taxes including federal income tax, self-employment tax, and state taxes. Covers all 50 states. Free, instant results.
About This Tool
Freelancers and independent contractors face a unique tax burden. Our 1099 Tax Estimator calculates your self-employment tax (15.3%), federal income tax across all brackets, and state income tax for all 50 states plus DC. Enter your 1099 income and business expenses, select your filing status and state, and instantly see your estimated tax liability and take-home pay.
Frequently Asked Questions
What is self-employment tax?
Self-employment tax covers Social Security (12.4%) and Medicare (2.9%), totaling 15.3%. Unlike W-2 employees who split this with their employer, 1099 contractors pay the full amount.
Are business expenses deductible?
Yes. The tool subtracts your business expenses from gross income before calculating taxes. Common deductions include home office, equipment, software, and professional services.
How accurate is this calculator?
This provides a reasonable estimate based on 2024 federal tax brackets and average state tax rates. For precise figures, consult a certified tax professional or CPA.
Does this include quarterly estimated taxes?
The total shown is your annual tax estimate. Divide by 4 for approximate quarterly estimated tax payments due to the IRS.