Estimated Quarterly Tax Calculator – Freelance & Self-Employed Taxes

Calculate Form 1040-ES estimated tax voucher payments for 1099 Freelancers, Independent Contractors, and Gig Workers.

Estimated Quarterly Tax Calculator – Freelance & Self-Employed Taxes
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Total Self-Employment Tax (SE Tax 15.3%) —
Estimated Federal Income Tax —
Total Combined Annual Tax Liability —
Required Quarterly Tax Voucher Payment (Form 1040-ES) —
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History — Estimated Quarterly Tax Calculator – Freelance & Self-Employed Taxes

# Time 1099 Income Status State % SE Tax Annual Total Quarterly Pmt Action

Quarterly Tax Due Dates (IRS 1040-ES)

  • Q1 Voucher: Due April 15
  • Q2 Voucher: Due June 15
  • Q3 Voucher: Due September 15
  • Q4 Voucher: Due January 15 (of following tax year)

1099 Net Business Income Projections ($85,000 Net Income, Single)

Tax Component Calculation Basis Annual Amount Quarterly Voucher Payment
Self-Employment Tax (15.3%) 92.35% of Net Income × 15.3% $12,010.00 $3,002.50 / quarter
Federal Income Tax Net Income minus SE Tax Deduction $8,820.00 $2,205.00 / quarter
State Income Tax (5%) Net Income × State Rate $4,250.00 $1,062.50 / quarter
Total Combined Tax Combined Annual Tax Obligation $25,080.00 $6,270.00 / quarter

Frequently Asked Questions

Who is required to pay quarterly estimated taxes?

Freelancers, 1099 contractors, small business owners, and investors who expect to owe $1,000 or more in federal income tax must pay quarterly estimated taxes to the IRS.