Freelance Calculators
Tools to help freelancers and consultants make smarter financial decisions
Freelancing requires a different approach to finances than traditional employment. Without an employer handling taxes, benefits, and retirement contributions, every financial decision falls on you. These calculators help you navigate the unique challenges of self-employment.
Whether you're setting rates that actually cover your taxes and expenses, estimating quarterly tax payments to avoid penalties, or comparing the real cost of freelancing versus W2 employment, having accurate numbers is the foundation of a sustainable freelance business.
Use these tools to make informed decisions about pricing, tax planning, and the true financial picture of your freelance career.
Freelancer Hourly Rate Calculator
Calculate your ideal hourly rate based on income goals, taxes, and expenses
Use CalculatorQuarterly Tax Estimator
Estimate your quarterly estimated tax payments including self-employment tax
Use CalculatorW2 vs 1099 Comparison
Compare take-home pay between W2 employment and 1099 contractor work
Use CalculatorProject Rate Calculator
Convert your hourly rate to project-based pricing with buffers and tiers
Use CalculatorFreelance Retirement Calculator
Compare Solo 401(k), SEP-IRA, Traditional and Roth IRA options for the self-employed
Use CalculatorMeeting Cost Calculator
Calculate the true cost of meetings including prep, follow-up, and context switching
Use CalculatorFreelance Vacation Fund Calculator
How much to save for unpaid time off including lost income and catch-up time
Use CalculatorValue-Based Pricing Calculator
Price projects by client ROI rather than hours worked
Use CalculatorSelf-Employment Tax Calculator
Calculate Social Security, Medicare, and Additional Medicare taxes on self-employment income
Use CalculatorBreak-Even Calculator
Find how many units or services you need to sell to cover all your costs
Use CalculatorConsulting Fee Calculator
Calculate market-based consulting rates by experience level and industry
Use CalculatorFrequently Asked Questions
How much should I charge as a freelancer?
It depends on your expertise, market, and costs. Most freelancers need to charge 30-50% more than their equivalent salary rate to cover self-employment tax, health insurance, and unpaid time off. Use our hourly rate calculator to find your ideal rate.
Do freelancers pay more taxes?
Freelancers pay self-employment tax (15.3%) in addition to income tax. However, business deductions can offset some of this. The net tax burden is typically 5-10% higher than W2 employment.
How do I handle irregular income?
Budget based on your worst month, not your best. Set aside 25-30% for taxes from every payment. Build a 3-6 month emergency fund. Use quarterly tax estimates to avoid penalties.