Finance Tools
1099 Tax Calculator
Estimate 1099 contractor taxes using net income, estimated self-employment tax rate, and income tax rate. Calculate total tax and take-home pay.
Enter values to estimate 1099 taxes and take-home pay.
Note: This is a simplified estimator using flat rates you enter. Actual 1099 taxes depend on deductions, credits, brackets, and filing status.
How to use this 1099 tax calculator
- Enter your estimated annual net 1099 income (after business expenses).
- Enter an estimated self-employment tax rate (or use a typical estimate).
- Enter your estimated income tax rate.
- Click Calculate to see total tax and take-home pay.
Example
If your net 1099 income is $80,000, you estimate 15.3% self-employment tax and 12% income tax:
- Self-employment tax: $12,240
- Income tax: $9,600
- Total tax: $21,840
- Take-home pay: $58,160
More tools in Finance Tools
- Debt-to-Income (DTI) Ratio Calculator
Calculate your DTI ratio to see if you qualify for a mortgage or loan based on your income and monthly debt payments.
- Capital Gains Tax Calculator
Calculate capital gains tax based on purchase price, sale price, holding period, and tax rate. Estimate net profit after tax.
- Self-Employment Tax Calculator
Estimate self-employment tax (Social Security + Medicare) based on net profit. Includes the 92.35% net earnings adjustment and optional Social Security wage base cap.
- Salary After Tax Calculator
Estimate your after-tax salary (take-home pay) using a simplified model with federal tax rate, optional state tax, FICA, and pre-tax deductions.