๐งพ Gig Economy Tax Calculator
Calculate taxes for freelance and gig income, accounting for self-employment tax, business deductions, and quarterly estimates. Pure frontend.
๐ Results
How to Use
1. Enter your total gig income (Uber, DoorDash, freelance, etc.)
2. Fill in deductible business expenses (gas, equipment, supplies)
3. Enter any other income sources if applicable
4. Set your marginal tax rate and self-employment tax rate
5. Click "Calculate" to see total tax liability and quarterly estimates
Use Cases
Scenario 1: Quarterly Tax Planning
Freelancers and gig workers can calculate quarterly estimated tax payments to avoid a large year-end tax bill.
Scenario 2: Deduction Optimization
Understand how different deduction strategies affect your tax burden and plan your business expenses accordingly.
Scenario 3: Full-Time vs Gig Comparison
Compare after-tax income between traditional employment and gig work to make informed career decisions.
Additional Information
Gig economy workers are typically classified as self-employed and must pay self-employment tax (Social Security and Medicare). The US self-employment tax rate is 15.3% (12.4% Social Security + 2.9% Medicare). Properly tracking and reporting business expenses is key to reducing tax liability. Consult a professional tax advisor for personalized guidance.