How Much Tax Should a Freelancer Set Aside?
A simple system for setting aside tax from every freelance payment, so tax time never becomes a crisis.
Know your numbers. Get paid what you're worth.
Free, simple money calculators for freelancers, remote workers and side hustlers. Set your rate, plan your budget and compare payment fees in seconds.
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- No sign-up
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Example: minimum hourly rate
$37.36 / hour
- Take-home goal
- $30,000
- Business costs
- $3,000
- Tax set aside
- 20%
- Billable hours / year
- 1,104
Free calculators
All calculators →Hourly Rate
Find the minimum hourly and day rate you need to hit your income goal after tax and costs.
Open calculator →Monthly Budget
Split your income into needs, wants and savings, and see where you are over or under.
Open calculator →Savings Goal
See how much you need to save each month to reach a goal by a set date.
Open calculator →Loan / EMI
Work out your monthly loan payment, total interest and a full repayment schedule.
Open calculator →Payment Fees
Compare PayPal, Payoneer, Wise and bank fees to see how much of your invoice you keep.
Open calculator →Emergency Fund
Find out how big your safety net should be and how long it will take to build.
Open calculator →Irregular Income
Turn up-and-down freelance income into a steady, safe monthly salary.
Open calculator →Latest guides
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What to include on a freelance invoice, how to set payment terms and how to follow up politely when clients pay late.
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When and how to raise your freelance rates, with a simple notice template and tips for handling client pushback.