1099 Tax Calculator
Estimate federal taxes on US 1099 contractor income. Net profit is your 1099 income minus business expenses; the calculator estimates self-employment tax, income tax, and a suggested tax set-aside to help you plan.
Written and reviewed by the CalcBundle editorial team. Transparent formulas · results are estimates, not advice.
Total estimated tax
Enter your 1099 income greater than your expenses.
From 1099 income to net profit
A 1099 reports gross payments — but you are taxed on net profit (income minus deductible business expenses). Enter both so the estimate reflects your real profit.
Self-employment tax and income tax
Contractors owe self-employment tax (Social Security + Medicare on 92.35% of profit) plus income tax on the remainder after the deductible half of SE tax and the standard deduction. See the self-employment tax calculator for detail.
Setting money aside
Because taxes are not withheld from 1099 pay, many contractors set aside a percentage of each payment and pay it via the quarterly tax calculator. The suggested set-aside here is an estimate for planning.
Frequently asked questions
How much should I set aside for 1099 taxes?
It depends on your profit, other income and filing status. This calculator estimates your total federal tax (self-employment + income tax) and suggests a set-aside percentage of net income — an estimate to help you plan, not a required legal amount.
Is my entire 1099 payment taxable?
No. You are taxed on net profit — 1099 income minus deductible business expenses. Tracking expenses lowers both your self-employment and income tax.
Does this include state taxes?
No. It estimates US federal self-employment and income tax only. State and local taxes are not included.
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Disclaimer. This calculator provides estimates for informational purposes only. Results are based on the information you enter and the assumptions used by the calculator. Actual financial, tax, business valuation, lending, marketplace or investment outcomes may differ. Consider consulting a qualified professional for decisions involving significant amounts of money. Estimates only, US federal. The suggested set-aside is a planning estimate, not a required legal amount, and this is not tax advice.