Tax Savings
How Much to Set Aside for 1099 Taxes in 2025
The simple rule: save 25-35% of every payment. Learn exactly how much based on your income bracket and state.
Read GuideCalculate your federal, state, and self-employment taxes instantly. Built for freelancers, gig workers, and independent contractors. No signup required.
73% of freelancers overpay or underpay taxes because they forget that 1099 income gets taxed twice: 15.3% self-employment tax + 10-37% income tax + up to 13.3% state tax.
The biggest mistake new 1099 workers make
Most self-employed workers think they only owe 15.3% in self-employment tax. Wrong. You're actually paying:
12.4% Social Security + 2.9% Medicare (plus 0.9% surtax if you earn $200k+)
Based on your tax bracket after the standard deduction ($14,600 single)
Depends where you live. California pays up to 13.3%, while Texas pays 0%
That's up to 65.6% total if you're in California earning $100k+
All calculators include state tax support that most tools ignore
Estimate your total tax bill from freelance income. Includes federal, state, and self-employment tax in one view.
Most calculators only show self-employment tax. We show the complete picture.
| Feature | Other Calculators | Money Grow Tools |
|---|---|---|
| Tax Coverage | Self-employment tax only | Federal + State + SE tax combined ✓ |
| State Tax Support | Generic estimates or missing | Live toggle for all 50 states ✓ |
| Results Format | Static number | Export PDF + quarterly breakdown ✓ |
| Signup Required | Email capture required | No signup, instant access ✓ |
| Load Speed | Slow, ad-heavy pages (3-5s) | Loads in under 1 second ✓ |
| Mobile Experience | Desktop-focused | Mobile-first design ✓ |
No sign-ups, no complexity — get accurate tax estimates in 4 simple steps
Choose from 1099, quarterly, or self-employment tax calculators based on your needs.
Input your 1099 income, deductions, and select your state from the dropdown.
See your federal, state, and self-employment tax breakdown in real-time.
Export results as PDF or save quarterly payment schedule to your calendar.
Your privacy matters: We don't store your financial data. All calculations happen in your browser.
Expert tips to help 1099 workers save money and avoid IRS penalties
The simple rule: save 25-35% of every payment. Learn exactly how much based on your income bracket and state.
Read GuideIRS charges 0.5% per month on unpaid taxes. A $10,000 bill can cost you $1,100+ in penalties. Here's how to catch up.
Read GuideThe surprising answer depends on your profession. Food bloggers can, but most freelancers can't. See the full breakdown.
Read GuideJoin thousands who've taken control of their taxes
Freelance Designer
"I was setting aside only 15% and got hit with a $8,000 bill in April. This calculator showed me I needed to save 32% because of my state. Game-changer!"
Uber/DoorDash Driver
"Finally a calculator that includes my state tax. Every other tool said I'd owe $5,000 but I actually owed $7,200. This one was accurate."
Virtual Assistant
"The quarterly calculator saved me from $600 in penalties. It showed me exactly when and how much to pay the IRS. So simple to use!"
Everything you need to know about 1099 taxes
Stop guessing what you owe. Get a clear picture in under 60 seconds.
Calculate My Taxes Now →✓ No signup required • ✓ 100% free forever • ✓ Your data stays private