💼 Tax
Freelance Income Tracker
Log your freelance income and business expenses, then see your net profit and estimated quarterly taxes automatically.
$
💰 Income
$0
Client / Project
Date
Amount
🧾 Business Expenses
$0
Description
Category
Amount
Gross Income
—
Total Expenses
—
Net Profit
—
SE Tax (15.3%)
—
Estimated Total Tax Due (Federal)
—
Quarterly estimates (current quarter highlighted)
The self-employment tax
Freelancers pay 15.3% self-employment tax on net earnings (Social Security 12.4% + Medicare 2.9%) in addition to regular income tax. You can deduct half of SE tax from your gross income to reduce your income tax bill.
The IRS requires quarterly estimated payments if you expect to owe $1,000+ in taxes for the year. See our quarterly tax calculator for due dates and safe harbor rules.