Tools for Freelancers

• Quarterly Tax Calculator: Estimate federal income and self-employment tax to set aside the right amount.

• Hourly Rate Calculator: Determine the hourly rate needed to achieve your target income after accounting for taxes, expenses, and billable time.

• Gig Driver Real Profit Calculator: Understand your actual take-home earnings per hour after vehicle costs, other expenses, and taxes.

• Irregular-Income Emergency Fund Calculator: Build a savings target that accounts for essential spending and income fluctuations.

• Quit-Your-Job Runway Calculator: Estimate how many months your available cash can cover essential expenses after leaving a steady paycheck.

• Late-Client Cost Calculator: Quantify the cost of delayed payments, including follow-up time and cash-flow drag.

• Self-Employment Tax Calculator: Break down the 15.3% self-employment tax into its Social Security and Medicare components and see the deductible half.

• Home Office Deduction Calculator: Compare the simplified method with actual expenses to determine the larger home office deduction.

• Mileage Deduction Calculator: Calculate the deduction value for business miles driven and the tax savings it provides.

• Write-Off Savings Calculator: Determine the real after-tax cost of a business purchase by factoring in tax deductions.

• S-Corp Tax Savings Calculator: Compare self-employment tax as a sole proprietor versus payroll tax as an S-corp to estimate potential savings.

• Salary-to-Freelance Rate Converter: Convert a job's salary and benefits into the equivalent hourly rate needed to replace them as a freelancer.

• Project Quote Calculator: Build a fixed project price by estimating hours, setting an hourly rate, and including a buffer for surprises.

• Job Price Calculator: Generate a price range for a job based on estimated hours, your hourly rate, and a buffer for revisions.

• 1099 vs W-2 Comparison Calculator: Compare a salary offer with a contract, considering taxes and the value of employer-provided benefits.

• SEP-IRA vs Solo 401(k) Calculator: Compare how much you can contribute to each retirement plan and the tax savings they offer.

• ACA Health-Insurance Subsidy Estimator: Estimate your premium tax credit and the potential monthly cost of a benchmark health insurance plan.

These tools are designed to provide straightforward planning estimates for freelancers, independent contractors, and gig workers. They help you understand your financial situation better by turning common self-employment questions into simple estimates. Remember, these estimates are for planning purposes only and do not constitute tax, legal, or financial advice. Always consult with a qualified professional for decisions with significant financial implications.