Freelancer Tax Calculator
Calculate taxes, track expenses, and plan quarterly payments
Income & Expenses
Include software, equipment, office supplies, etc.
Tax Summary
Mileage Deduction Calculator
IRS Standard Mileage Rate 2025: $0.67 per mile
๐ก Pro Tips:
- • Track every business trip immediately
- • Use apps like MileIQ or Everlance
- • Record purpose, date, and odometer readings
- • Commute to regular workplace doesn't count
Business Expense Tracker
๐ Common Deductible Expenses:
About Freelancer Tax Calculator 2025
Our Freelancer Tax Calculator is a comprehensive free online tool designed specifically for self-employed professionals, independent contractors, and freelancers. Calculate your self-employment tax, federal income tax, and quarterly estimated tax payments with ease.
Why Use Our Tax Calculator?
- ✅ 100% Free - No registration or payment required
- ✅ 2025 IRS Rates - Updated with latest tax brackets and mileage rates
- ✅ Quarterly Payments - Know exactly how much to pay each quarter
- ✅ Mileage Tracker - Calculate deductions using $0.67/mile rate
- ✅ Expense Tracking - Keep track of all business expenses
Who Should Use This Calculator?
This tool is perfect for:
- ๐จ Freelance designers and developers
- ✍️ Writers and content creators
- ๐ธ Photographers and videographers
- ๐ผ Independent consultants
- ๐ Rideshare and delivery drivers
- ๐ฑ Social media influencers
- ๐️ Independent contractors
Understanding Self-Employment Tax
Self-employment tax covers Social Security and Medicare taxes for self-employed individuals. The rate is 15.3% (12.4% for Social Security + 2.9% for Medicare) on 92.35% of your net self-employment income.
Common Tax Deductions for Freelancers
- ๐ Home Office Deduction - Dedicated workspace in your home
- ๐ป Equipment & Software - Computers, cameras, subscriptions
- ๐ Business Phone & Internet - Percentage used for business
- ๐ Vehicle Expenses - Mileage or actual expenses
- ๐ Professional Development - Courses, books, conferences
- ๐ผ Business Insurance - Liability, health, disability
Quarterly Tax Payment Deadlines 2025
- ๐ Q1: April 15, 2025 (Jan 1 - Mar 31)
- ๐ Q2: June 15, 2025 (Apr 1 - May 31)
- ๐ Q3: September 15, 2025 (Jun 1 - Aug 31)
- ๐ Q4: January 15, 2026 (Sep 1 - Dec 31)
Related Tax Tools & Resources
⚠️ Important: This calculator provides estimates based on 2025 IRS tax rates. Results are for informational purposes only and should not be considered professional tax advice. Always consult with a qualified tax professional or CPA for personalized guidance.
No comments:
Post a Comment