How much to set aside for taxes.
Find the percentage of every payment you should save so taxes never catch you by surprise.
how much should I set aside?
For 1099 contractors, freelancers and self-employed people.
Self-employment tax–
Extra income tax–
Set aside–
From each payment–
Each quarterly payment–
Self-employment tax is 15.3% on 92.35% of your profit (Social Security part up to $184,500 in 2026). Includes the standard deduction and a simplified 20% QBI deduction. Quarterly payments are due April 15, June 15, September 15 and January 15. Nevada has no state income tax; other states may add more.
Estimate, not advice. These results are estimates for planning only, based on 2026 federal rules. They are not tax, legal or financial advice. Your real numbers depend on your full situation.
don't be shy, just say hello.
Book a free 30-minute consultation, or message us on WhatsApp. We answer in English and Spanish.