Freelancer Rate Calculator

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.

• Comprehensive Tax Calculation: Integrates federal and state income taxes along with the crucial self-employment tax.

• Customizable Inputs: Allows users to input their target income, state, billable hours, expenses, and desired profit buffer.

• Realistic Estimates: Considers factors like non-billable time and time off to provide a more accurate rate.

• Clear Breakdown: Visualizes where your charged rate goes, including take-home pay, taxes, expenses, and profit buffer.

• 'What If' Scenarios: Shows potential take-home pay at different hourly rates.

• Free and No Signup: Accessible to all freelancers without requiring an account.

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.