Every 1099 payment counts. This calculator shows you exactly what you'll owe in federal income tax, self-employment tax, and state tax based on your gig earnings.
• Self-employment tax — 15.3% on net profit (SS + Medicare)
• Federal income tax — based on your filing status and bracket
• State income tax — state-specific rates
• Quarterly estimated payments — what to pay each quarter to avoid penalties
Most gig platforms don't withhold anything. You receive 100% of the fare. At year-end, you owe the IRS. Use this calculator every month to set aside the right amount.
Self-employment tax: 12.4% Social Security on first $176,100 of net profit + 2.9% Medicare on all net profit. Additional 0.9% Medicare over $200K (single).
Federal brackets (single): 10% ($0-$11,600), 12% ($11,601-$47,150), 22% ($47,151-$100,525), 24% ($100,526-$191,950), 32% ($191,951-$243,725), 35% ($243,726-$609,350), 37% ($609,351+)