Freelance Tools
We offer financial web tools that make your freelancing journey easier, clearer, and more profitable.
Tax Calculator
Calculate 2024-2026 freelance taxes including QBI deduction, self-employment tax, and federal liabilities.
Rate Calculator
Reverse-engineer your hourly rate. Determine what to charge based on your desired salary and billable efficiency.
Master Your Freelance Finances Using Freelance Tools
Managing finances as an independent contractor can be overwhelming. Unlike W-2 employees, freelancers are responsible for calculating their own withholdings, paying quarterly estimated taxes, and determining profitable hourly rates. Our suite of freelance tools simplifies this process.
Understanding Freelance Taxes
The Freelance Tax Calculator helps you estimate your total tax liability for the 2024, 2025, and 2026 tax years. It accounts for:
- Self-Employment Tax: The 15.3% tax covering Social Security and Medicare.
- Federal Income Tax: Calculated using the latest IRS tax brackets for Single, Married, and Head of Household filers.
- QBI Deduction: Automatically estimates your Qualified Business Income deduction (up to 20% of net profit).
- State Taxes: Provides estimates based on average state income tax rates.
Setting the Right Hourly Rate
Many new freelancers undercharge because they fail to account for overhead and non-billable time. Our Hourly Rate Calculator uses a “reverse engineering” method to find your ideal rate. simply input your desired annual salary and expenses, and the tool adjusts for your “billable efficiency”—ensuring you get paid enough to cover sick days, vacations, and business costs.
Why Use FreelanceTools?
We believe financial clarity should be free. Our calculators run entirely in your browser, meaning no data is ever stored or shared. Whether you are a graphic designer, writer, developer, or consultant, these tools provide the benchmarks you need to run a profitable business.