Free Tool
Self-Employed Tax Calculator
Estimate your federal income tax, self-employment tax, and quarterly estimated payments for 2024. Perfect for small business owners, contractors, and freelancers.
Income & Expenses
Enter your business income and expenses for the year
Total revenue from your business, 1099 income, etc.
Home office, equipment, software, mileage, etc.
Filing Status & Deductions
Your Estimated Taxes
Based on 2024 tax rates and brackets
Net Business Income
$0
Adjusted Gross Income
$0
Self-Employment Tax$0
Federal Income Tax$0
Total Tax$0
Effective Tax Rate0.0%
Quarterly Estimated Payments
Due dates: Apr 15, Jun 15, Sep 15, Jan 15
Pay this amount each quarter:
$0
Make payments via IRS Direct Pay or EFTPS
Important Notes
- • This is an estimate only - actual taxes may vary based on credits, additional deductions, and other factors
- • State and local taxes are not included in this calculation
- • Self-employment tax applies to net business income over $400
- • Consider additional deductions: health insurance, retirement contributions, QBI deduction
- • Consult with a tax professional for personalized advice
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Let Peak Tax Consulting find every deduction and credit you deserve. Schedule a consultation today!
Tax Calculation Breakdown
Understanding how your taxes are calculated
Gross Business Income$0
− Business Expenses($0)
= Net Business Income$0
Self-Employment Tax (15.3% on 92.35%)$0
− Deductible SE Tax (50%)($0)
= Adjusted Gross Income (AGI)$0
− Standard Deduction($14,600)
= Taxable Income$0
Federal Income Tax$0
Total Tax Liability$0