1099 Tax Calculator
Instantly estimate your self-employment, federal, and state taxes as an independent contractor.
Deducting expenses lowers your net profit and saves you money on taxes.
Estimated QBI Deduction
You qualify for the Qualified Business Income deduction, allowing you to deduct up to 20% of your net business income.
-$12,579
Estimated Total Tax
$20,902
Effective Tax Rate: 24.6% of net profit
Net Take-Home Pay
$64,098
After all expenses and taxes
Estimates for planning, not tax, legal or financial advice. Taxorly is not affiliated with the IRS or any state tax agency. Check your figures with a licensed tax professional before you file. How we calculate · Full disclaimer
Frequently Asked Questions
What is the Self-Employment (SE) Tax?
The SE tax is 15.3%, which consists of 12.4% for Social Security and 2.9% for Medicare. As a 1099 worker, you are both the employer and the employee, so you must pay both halves. W-2 employees only pay half (7.65%), while their employer covers the rest.
How do business expenses affect my taxes?
You only pay taxes on your Net Profit, which is your Gross Income minus your Business Expenses. Writing off legitimate business expenses (like software, home office, and travel) directly reduces your taxable income, saving you money on both SE tax and income tax.
What is the Qualified Business Income (QBI) deduction?
The QBI deduction allows many self-employed individuals to deduct up to 20% of their qualified business income from their taxes. This calculator estimates your QBI deduction automatically if you are eligible.
Do I need to pay taxes quarterly?
Usually. If you expect to owe at least $1,000 in tax for the year after withholding and credits, the IRS expects estimated tax payments each quarter: April 15, 2026, June 15, 2026, September 15, 2026 and January 15, 2027 (IRS Publication 505). Paying too little, or late, can mean an underpayment penalty.
Does my state tax 1099 income?
Most states levy an income tax on freelance earnings. However, nine states do not have state income tax: Alaska, Florida, Nevada, New Hampshire, South Dakota, Tennessee, Texas, Washington, and Wyoming.
1099 Tax Calculator by State
Your state's income tax on top of the federal figures, with a calculator for your own numbers.