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Freelance Tax Set-Aside Calculator

Free · Updates live

Estimates only

This tool gives a rough, simplified estimate to help you set money aside. It is not tax advice. Rates, thresholds and deductions vary by country, state or region, and individual circumstances. Always confirm with a qualified tax professional or your local tax authority before relying on these numbers.

Set aside
Suggested monthly set-aside
$ 1,567.77 / mo
Set-aside as % of revenue
23.52%
How this is calculated
Net profit (revenue − expenses)$ 72,000.00
SE tax base (92.35% of net profit)$ 66,492.00
Self-employment tax (15.3%)$ 10,173.28
Income tax (12.00% of net profit + other income)$ 8,640.00
Total to set aside / year$ 18,813.28

Set-aside = (net profit × 92.35% × 15.3% self-employment tax) + (income tax % × (net profit + other income)). Monthly = total ÷ 12.

FAQ

Frequently asked questions

Is the tax set-aside calculator really free?

Yes. It's completely free to use, with no limits and no signup required.

Is this tax advice?

No. This tool gives a simplified, illustrative estimate only. Tax rates, thresholds and deductions vary by country, state or region, and personal circumstances. Always confirm your actual liability with a qualified tax professional or your local tax authority.

Is my financial data sent anywhere?

No. The calculation runs entirely in your browser. Your revenue, expenses and rate never leave your device.

How is the suggested set-aside calculated?

For the US it estimates self-employment tax (15.3% of 92.35% of net profit) plus an editable effective income-tax rate applied to net profit and other income. For Germany, the UK and other countries it applies a single editable effective tax rate to net profit plus other income, then divides by 12 for a monthly figure.

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