Freelance and self-employment income is typically taxed differently than a regular paycheck — often facing both a self-employment tax and regular income tax on top of it. This calculator estimates both.
Why self-employed workers pay an extra tax
Traditional employees split certain payroll-style taxes with their employer; self-employed workers are often responsible for the full amount themselves, which is what the self-employment tax rate represents here.
Deductible expenses matter a lot
Legitimate business expenses (equipment, software, a portion of home office costs, and more, depending on local rules) reduce your taxable net profit — tracking these carefully often has a bigger impact on your final take-home than any single tax-rate assumption.