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Quarterly Estimated Tax

What freelancers and 1099s should set aside.

Set aside per quarter
$7,060
$28,240 total estimated for the year

Breakdown

Net self-employment income$72,000
Self-employment tax (15.3%)$10,173
Federal income tax$14,721
State income tax$3,346

2026 estimated tax due dates

  • Q1: April 15
  • Q2: June 15
  • Q3: September 15
  • Q4: January 15 of following year

For 1099 / freelance / single-member LLC income with no withholding. Self-employment tax is 15.3% (12.4% Social Security up to the wage base, 2.9% Medicare on all). The half-deduction is built into the federal income tax base. This is a rough planning estimate, not tax advice.

About

Enter self-employment income, business expenses, and your federal and state tax bracket. Get an estimate of total annual tax (federal income, state income, and 15.3% self-employment tax) split into four quarterly payments matching IRS due dates.

How to use

  1. Enter income and expenses.
  2. Enter your tax bracket and state rate.
  3. See quarterly amount.

FAQ

Do I have to pay quarterly?+

If you expect to owe more than $1,000 in tax for the year and don't have enough withholding from another job to cover it, yes. The IRS charges underpayment penalties otherwise. Safe harbor is 100% of last year's tax (110% if income above $150k).