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How much of each freelance payment should you set aside for taxes?

Self-employed income has no tax withheld. Enter your numbers and get a percentage to move into a tax account every time you get paid. Free, no sign-up, U.S. tax year 2026.

0% to set aside

Self-employment tax
Federal income tax
State income tax
Total for the year
About per quarter

Quarterly estimated tax deadlines

Income earnedDue date
Jan 1 to Mar 31, 2026April 15, 2026
Apr 1 to May 31, 2026June 15, 2026
Jun 1 to Aug 31, 2026September 15, 2026
Sep 1 to Dec 31, 2026January 15, 2027

If a date falls on a weekend or holiday, it moves to the next business day.

Common questions

What is self-employment tax?

It is the Social Security and Medicare tax you pay yourself when you work for yourself: 15.3% of 92.35% of your profit, with the Social Security part capped at $184,500 of earnings in 2026. Half of it is deductible when figuring income tax.

Do I really need to pay quarterly?

Usually yes, if you expect to owe $1,000 or more for the year. Paying late can add penalties, which is why setting money aside from every payment helps.

Where should I keep the set-aside money?

A separate savings account that you do not touch. Moving the percentage over as soon as you get paid makes it easy to see what is really yours.

Why is my real bill different from this estimate?

This estimate leaves out the 20% business income deduction, tax credits, retirement contributions and other deductions, so many people owe less. It is a safe starting point, not a tax return.

Estimate only, not tax advice. Based on U.S. federal tax year 2026 figures plus the flat state rate you enter. Rules change, so confirm with a tax professional or the IRS before paying.