🧾 Tax Withholding Calculator

Estimate quarterly tax payments for contractors and self-employed professionals

Disclaimer: This calculator provides estimates only. Consult a tax professional for personalized advice.

Income Information

Expected Annual Gross Income ($)

Business Deductions ($)

Home office, equipment, software, travel, etc.

Filing Status

Standard Deduction ($)

2024: $14,600 (single), $29,200 (married)

State Tax Rate (%)

Check your state's tax rate

How to Use

Enter your expected gross annual income
Add all business expense deductions
Select your tax filing status
Enter the standard deduction amount
Input your state tax rate (if applicable)
Review estimated quarterly payment amounts

⚠️ Important Notes

• Set aside 25-35% of income for taxes
• Make quarterly payments to avoid penalties
• Keep detailed records of income and expenses
• Consult a CPA for personalized tax planning