Subscribe

1099 tax calculator

Enter what clients paid you and your expenses to see the federal tax and what to set aside.

Free, works in your browser, nothing is sent

Your 2026 1099 income

Paid to you by clientsEverything for your freelance work: 1099-NEC, 1099-K and payments with no form at all.$80,000
Business expensesSoftware, equipment, fees, a home office. What Schedule C lets you deduct.$68,000
Net profitSchedule C, line 31.$68,000
Share that counts for the taxSchedule SE taxes 92.35% of profit, the part an employer's share would not have come out of.$62,798× 0.9235

Social Security and Medicare

Wages from a job this yearW-2 pay already taxed for Social Security. Only the first $184,500 of wages and profit together pays it.$184,500 left
Social Security, 12.4%On net earnings up to what is left under the cap.$7,787
Medicare, 2.9%On all net earnings, no cap.$1,821
Self-employment taxSchedule SE, line 12.$9,608

Federal income tax on the profit

Filing statusSets the standard deduction and brackets.
Half of self-employment taxDeducted before income tax (Schedule 1).$4,804
Standard deduction2026, single.$16,100
Qualified business income deductionUp to 20% of profit after the deduction above (Form 8995).$9,419
Taxable income$37,677
Income tax the profit addsFrom the 2026 brackets. Your top rate is 12%.$4,273
Federal tax on your 1099 incomeSelf-employment tax plus the income tax the profit adds.$13,881

Set aside from profitbefore state tax20.4%

Set aside from each paymentwhen you save from what clients pay17.4%

Each quarterly paymentif you pay it evenly over 4 dates$3,470

On $68,000 of profit, expect about $13,881 of federal tax: $9,608 for Social Security and Medicare and $4,273 of income tax. Add your state income tax on top.

Your numbers stay in this browser. An estimate, not tax advice.

What you pay on 1099 income

No tax is taken out of 1099 pay, so you pay two federal taxes yourself. Self-employment tax is 15.3% of 92.35% of your profit and covers Social Security and Medicare. Income tax is worked out on your profit after half of the self-employment tax, the standard deduction and the QBI deduction come off.

Say clients paid you $80,000 and you spent $12,000 running the business. Profit is $68,000. Self-employment tax is $9,608 and income tax is $4,273, so the federal total is $13,881. That is about 17% of what clients paid, or 20% of the profit.

Which payments count

All of it. A client sends a 1099-NEC when it paid you $2,000 or more in 2026 (the line was $600 before 2026). Payment apps and marketplaces send a 1099-K once they pay you over $20,000 in more than 200 payments, and some send one for less. Income with no form is still taxable, and the guide to reporting income without a 1099 shows where it goes on Schedule C.

If the same payment shows up on a 1099-NEC and a 1099-K, count it once. The 1099-NEC vs 1099-K guide explains which form covers what.

How much to set aside

The share rises with income because the brackets do. On $30,000 of profit, a single filer owes about 17% federal. On $100,000 it is closer to 22%. Then add your state income tax.

Move the set-aside share into a separate account each time a client pays, and pay it in four estimated payments. The guide to setting aside tax has a table by income level.