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Finances ยท Free forever ยท US

Quarterly estimated tax calculator

A rough idea of what you'll owe the IRS this year, split into the four payments freelancers are expected to make โ€” with the reasoning shown, because nobody teaches artists this part.

1

What you expect to make

Your profit for the whole year โ€” your best guess is enough to start.

$USD
2

How you file

Two simple choices that change the numbers a lot.

Rough estimate for the year

Total estimated tax

$19,116.71 USD

About 27.3% of your profit

Each quarterly payment

$4,779.18 USD

Four equal payments

Single ยท California

Your four due dates

Q1 โ€” due April 15

Covers January โ€“ March

$4,779.18 USD

Q2 โ€” due June 15

Covers April โ€“ May

$4,779.18 USD

Q3 โ€” due September 15

Covers June โ€“ August

$4,779.18 USD

Q4 โ€” due January 15 (next year)

Covers September โ€“ December

$4,779.18 USD

Where the number comes from

The whole calculation, step by step โ€” so it's an estimate you understand, not one you fear.

Expected profit$70,000.00 USD
Net earnings (92.35% of profit)$64,645.00 USD
Self-employment tax (15.3%)$9,890.69 USD
Half of that, deducted backโˆ’ $4,945.34 USD
Standard deductionโˆ’ $15,000.00 USD
Taxable income$50,054.66 USD
Federal income tax$5,926.02 USD
State tax (~6.00%)$3,300.00 USD
Total estimated tax$19,116.71 USD

The habit that makes this painless: set aside 27% of every payment

The moment an invoice lands, move roughly 27% of it into a separate savings account and pretend it was never yours. When a due date arrives, the money is already there.

Freelance income is lumpy โ€” a great month can feel like a windfall right up until the quarter comes due. Splitting the money on arrival is what turns tax from a crisis into a transfer.

Not sure your income target is right? Check your day rate first โ€” tax is easier to cover when your rate includes it.