US Freelancer Self-Employment Tax Savings Planner
Self-Employment Tax Savings Plan ()
| Item | Amount |
|---|---|
| Estimated Gross Income | $0.00 |
| Estimated Business Expenses | $0.00 |
| Estimated Net Earnings | $0.00 |
| Taxable Self-Employment Income (Net Earnings * 92.35%) | $0.00 |
| Estimated Annual Self-Employment Tax | $0.00 |
| Recommended Quarterly SE Tax Payment | $0.00 |
| Recommended SE Tax Savings Rate (of Net Earnings) | 0.00% |
This tool estimates your Self-Employment (SE) tax based on standard rates (15.3% on 92.35% of net earnings, subject to SS limits - using example 2024 rates). The recommended savings amount is specifically for SE tax. You will also need to save separately for federal and potentially state income tax. Consult a qualified tax professional for personalized advice.