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//// Freelance · Tax

Gig Income Tax Burden Calculator

Enter your 1099 income, business miles, home office, and state to see your full tax burden — SE tax, federal, state, deductions, and quarterly payments.

401(k) Limit 2024$23,000
Roth IRA Limit$7,000
S&P 500 Avg Return~10%/yr

Why gig taxes hit harder: As a 1099 worker you pay both the employee AND employer share of Social Security and Medicare — that's 15.3% before federal income tax even starts. The good news: mileage, home office, and business expenses can significantly reduce what you owe.

Gross Gig Income

$60,000

Total Tax Burden

$11,137

18.6% effective rate

Net Take-Home

$40,763

you keep 81.4%

Quarterly Payment

$2,784

due 4× per year

Your Numbers

$
$
$

Tax Breakdown

Deductions
Business expenses-$4,000
Mileage (5,000 mi)-$3,350
Home office-$750
Half SE deduction-$3,667
Taxes
SE tax (15.3%)$7,333
Federal income tax (12.0% top bracket)$3,804
Texas state tax$0
Total taxes$11,137
Net take-home$40,763

Quarterly Estimated Payments

$2,784

due four times per year

Q1 (Jan–Mar)
Due Apr 15
Q2 (Apr–May)
Due Jun 17
Q3 (Jun–Aug)
Due Sep 15
Q4 (Sep–Dec)
Due Jan 15