Professional US Freelance Tax Calculator

• Calculate your 1099 net income after Federal, State, and Self-Employment (FICA) taxes.
• Updated for 2026 tax brackets.
• Estimates SE tax, QBI, and federal brackets.
• Provides insights on potential savings with an LLC S-Corp.
• Explains how 1099 tax is calculated, including Net Profit and business expenses.
• Details the 2026 Self-Employment tax rate (15.3% for Social Security and Medicare).
• Lists common 1099 deductions to lower your tax bill, such as software subscriptions, home office space, professional equipment, and health insurance premiums.
• Allows deduction of 50% of self-employment tax.

Disclaimer: This tool is for estimation purposes only. Tax laws vary by individual circumstances. Please consult with a CPA or tax professional.