Free calculator
Small-business tax planner
A quick read on your federal income and self-employment tax. Built for freelancers, contractors, and Schedule C / single-member LLC owners.
$
Total billed before expenses
$
Deductible Schedule C expenses
$
W-2 wages, spouse income, etc.
Estimated total federal tax
$26,189
- Net self-employment income$100,000
- Self-employment tax (15.3%)$14,130
- Federal income tax$12,060
Effective rate on gross income: 21.8%. Set aside roughly this percentage of every payment to stay ahead.
Estimates only. Not tax, legal, or accounting advice. For a complete review of your situation, schedule a consultation with a Davis & Bott CPA.
Want a more accurate estimate?
Schedule a planning call with a Davis & Bott CPA.