๐Ÿงพ Free ToolBase

๐Ÿงพ Gig Economy Tax Calculator

Calculate taxes for freelance and gig income, accounting for self-employment tax, business deductions, and quarterly estimates. Pure frontend.

๐Ÿ“Š Results

Net Income-
Self-Employment Tax-
Income Tax-
Total Tax-
Quarterly Estimate-
Effective Rate-
๐Ÿ’ก Note: This tool runs entirely in your browser. No data is ever uploaded to any server.

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.