WHAM Original ยท Free Tool

Freelancer Tax Estimator

See exactly what you owe, what to set aside each month, and how to cut your tax bill with legal deductions.

15.3%
SE Tax
4ร—/yr
Quarterly
$27
Full Unlock
Free: Total tax + effective rate  ยท  $27 Unlock: Deductions, quarterly schedule, monthly set-aside
๐Ÿ’ฐ
Your IncomeFree
Annual Freelance / Gig Income$60,000
$5K$300K
$
Other W-2 / Salary Income$0
$0$200K
$
Filing Status
State
๐ŸŽฏ
Additional FactorsFree
Qualifying Dependents (children)0
06+
#
Child Tax Credit: $2,000 per child ยท directly reduces tax owed
Taxes Already Withheld (W-2 job)$0
$0$50K
$
Federal tax already withheld by an employer โ€” reduces your remaining balance
Qualify for QBI Deduction?
Section 199A: deduct up to 20% of qualified business income. Most freelancers qualify.
๐Ÿงพ
Business Deductions Unlock
Unlock Full Deduction Builder
Most freelancers leave $3Kโ€“$10K+ on the table every year. See exactly how much each deduction saves you.
โœ“ 8 common freelancer deductions
โœ“ Real-time tax savings as you check
โœ“ Custom dollar amounts per deduction
โœ“ Full quarterly payment schedule
โœ“ Monthly set-aside calculator
One-time ยท Instant access ยท No subscription
Estimated Total Tax Owed Free
$11,847
Federal + Self-Employment + State
$48,153
Take-Home Income
19.7%
Effective Tax Rate
$8,478
Self-Employment Tax
$3,369
Federal Income Tax
โšก WHAM Insight
On $60,000 in freelance income, you're looking at roughly $11,847 in taxes โ€” about 20% of what you earn. The QBI deduction alone saves you ~$2,453 in federal tax. Unlock the full estimator to add deductions and see your quarterly payment schedule.
Unlock the Full Estimator
You've seen your total. Now get everything you need to act on it โ€” one price, all features, instant access.
โœ“ Monthly set-aside amount
โœ“ Full deduction builder (8 categories)
โœ“ Itemized tax breakdown with real-time bars
โœ“ Quarterly payment schedule + due dates
โœ“ Emailed summary to share with your accountant
$27
One-time payment
Instant access ยท No subscription

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Disclaimer: This tool provides general estimates for educational purposes only and does not constitute tax, legal, or financial advice. Tax laws change frequently and vary by individual circumstances. Always consult a qualified tax professional before making financial decisions.