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Tom Cashman • Peerlist

<h3>Freelancer Rate Calculator</h3>This tool helps freelancers determine the minimum hourly rate they need to charge to cover all their expenses and taxes. It accounts for self-employment tax (15.3%), your specific US state income tax, desired annual take-home pay, billable hours per day, weeks off per year, business expenses, health insurance premiums, and a profit buffer for savings and unexpected costs.<ul><li>Comprehensive Tax Calculation: Integrates federal and state income taxes along with the crucial self-employment tax.</li><li>Customizable Inputs: Allows users to input their target income, state, billable hours, expenses, and desired profit buffer.</li><li>Realistic Estimates: Considers factors like non-billable time and time off to provide a more accurate rate.</li><li>Clear Breakdown: Visualizes where your charged rate goes, including take-home pay, taxes, expenses, and profit buffer.</li><li>'What If' Scenarios: Shows potential take-home pay at different hourly rates.</li><li>Free and No Signup: Accessible to all freelancers without requiring an account.</li></ul>The calculator uses 2026 federal tax rates and provides an estimated minimum hourly rate, a recommended rate, and an equivalent day rate. It also estimates annual billable hours and self-employment tax.Disclaimer: Results are estimates and not tax advice. Consult a CPA for financial decisions.