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//// Career · Tax

1099 Quarterly Tax Planner

Most freelancers overpay because they forget the 20% QBI deduction. Enter your income, pick your quarter, and see exactly what to pay — with the full bracket math and safe harbor calculation shown.

SE Tax Rate15.3%
QBI Deduction20%
Quarterly DeadlinesApr · Jun · Sep · Jan

Q2 2025 payment — due June 16, 2025

$4,901

$19,602 total annual · 21.3% effective rate · QBI deduction applied

Current Quarter (which payment are you calculating?)

Your numbers

SE Tax
$12,999
15.3% on SE base
Federal Income Tax
$6,603
2024 brackets
QBI Deduction
−$18,400
Sec. 199A
Total Annual Tax
$19,602
21.3% effective rate

Estimated (this year's income)

$4,901/qtr

Based on projected annual income

Safe harbor (100% rule)

Enter prior year tax above to see your safe harbor amount

2025 Payment Schedule

Q1 · Jan – Mar

$4,901

April 15, 2025

Q2 · Apr – May

$4,901

June 16, 2025

Current

Q3 · Jun – Aug

$4,901

September 15, 2025

Q4 · Sep – Dec

$4,901

January 15, 2026

Estimates only — not tax advice. Consult a CPA for your actual liability. State taxes not included.

Pay by January 15 to cover Q4 — don't wait until April. Underpayment penalties accrue from the due date, not from filing.

Source: IRS Publication 505

Common Questions

The IRS charges a penalty equal to the federal short-term rate + 3% (currently ~8%). It's not huge, but it compounds daily. Pay as soon as you can — partial payments reduce the accruing penalty.

Only if you expect to owe $1,000+ after withholding. Your W-2 withholding may cover it — use the W-4 Optimizer to check whether you need to adjust withholding instead of making separate quarterly payments.

Yes, and it's often smart. Overpayments apply as a credit toward next year or are refunded. If your income varies, overpaying Q3 and Q4 is a common strategy to hit safe harbor.