Introducing Our New Self-Employment Tax Calculator 🚀
We’re excited to announce the release of our latest free online tool: the Self-Employment Tax Calculator – designed specifically for U.S.-based freelancers, independent contractors, and small business owners.
If you earn income through 1099 gigs, online services, or your own business, this tool helps you estimate how much you owe in self-employment taxes and basic federal income tax, so you can avoid surprises and stay in control of your finances.
Why We Built It
Many freelancers and independent professionals don’t realize how much they owe until it’s too late. Unlike W-2 employees, self-employed individuals must pay both the employer and employee portions of Social Security and Medicare taxes – a combined 15.3%.
We built this calculator to help you:
- Understand your tax obligations
- Plan for quarterly estimated tax payments
- Avoid underpayment penalties
- Reduce stress during tax season
How It Works
The calculator is extremely simple to use:
- Enter your total income from self-employment.
- Add your business expenses (if any).
- Click Calculate.
In seconds, you’ll see:
- Your net income
- Estimated self-employment tax
- A basic estimate of your federal income tax (10% flat rate for simplicity)
- Total tax to set aside
💡 This is not a substitute for official tax advice, but it’s a great way to get a ballpark figure and stay prepared.
Who Should Use This Tool?
The Self-Employment Tax Calculator is ideal for:
- Freelancers in design, marketing, writing, development, coaching, etc.
- 1099 contractors (Uber, DoorDash, Instacart, etc.)
- Etsy shop owners and digital sellers
- Coaches, consultants, and creators
Basically, anyone earning untaxed income in the U.S. should try it.
Why It Matters
Taxes can feel overwhelming when you’re self-employed. But with the right tools and a little foresight, you can stay on top of everything without stress.
This tool empowers you to:
- Know how much to set aside
- Plan ahead for IRS payments
- Avoid year-end panic
Try It Now – It’s Free
The calculator is completely free to use and requires no sign-up. You can find it here:
👉 Try the Self-Employment Tax Calculator
And while you’re there, check out our other useful tools like the VAT Calculator — especially helpful for international clients and EU-based businesses.
What’s Next?
We’re building more tools to support freelancers and small business owners — from hourly rate calculators to simple receipt generators. If there’s a tool you’d love to see, reach out and let us know!
Thanks for being part of the Softly Rooted community 🌱