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Free freelance income tax calculator. Estimate Schedule C net profit, self-employment tax, and federal income tax with standard deduction modeling, optional W-2 wages, and a simple state rate on freelance profit. Find more tools on our payroll and tax calculator hub.
Last updated: April 21, 2026
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After-tax freelance profit (est.)
$54686.02
Approx. effective tax load on freelance net: 29.0%
Net business profit
$77000.00
SE base (92.35%)
$71109.50
Self-employment tax
$10879.75
Federal income tax (est.)
$7584.23
State on freelance (est.)
$3850.00
Total estimated tax
$22313.98
Not tax advice. Net profit under $400 generally has no SE tax; combined federal uses simplified brackets and standard deduction only.
Approximates net business profit used for both SE tax and the simplified federal model.
Applies the $400 net earnings threshold, SS up to remaining wage base after W-2 wages, and Medicare including additional Medicare on combined earnings over filing-status thresholds.
Uses federal standard deduction and a half-of-SE-tax style adjustment before applying simplified brackets.
Enter 0 for none, or a planning rate to approximate state tax on contract income only.
Combined income affects federal taxable income and can reduce remaining Social Security room for SE earnings.
Shows an approximate after-tax freelance profit and effective tax load on freelance net for budgeting.
Default inputs: $95,000 gross, $18,000 expenses, single, 5% state on freelance net:
After-tax freelance profit (est.)
$54686.02
Total estimated tax
$22313.98
The calculator subtracts business expenses from gross freelance revenue to approximate Schedule C net profit. When net profit is at least $400, it applies the Schedule SE 92.35% base, computes Social Security and Medicare components (including additional Medicare when combined wages and SE base exceed filing-status thresholds), then estimates federal ordinary income tax using simplified taxable income after the federal standard deduction and half of self-employment tax. An optional state percentage applies only to freelance net profit for a quick state layer.
Net profit → SE tax (92.35% base) + Federal tax (simplified taxable income) + Optional state% × net profit$72,000 freelance gross, $12,000 expenses, $45,000 W-2 wages, married, 0% state placeholder:
Net freelance profit: $60,000
Self-employment tax (est.): $8477.73
Federal income tax (est.): $8123.34
After-tax freelance profit (est.): $46880.36
Next step: pair this with the quarterly estimated tax calculator and self-employment tax calculator.
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