Self-Employment Tax Estimator
Stop guessing what to set aside. Enter a typical month and see your estimated yearly tax, the monthly set-aside, and each quarterly payment.
Booth rent, product, tools, insurance, software, education.
Most solo pros land in the 10–22% range.
Enter 0 if your state has no income tax.
Set aside each month
$1,213.53
- Net profit per year
- $57,600.00
- Self-employment tax (15.3%)
- $8,138.62
- Federal income tax
- $6,423.68
- State income tax
- $0.00
- Total estimated tax
- $14,562.30
- Quarterly payment
- $3,640.58
- Effective rate on profit
- 25.3%
Estimate only, not tax advice. Doesn't include credits, dependents, or a spouse's income. Confirm with your EA or CPA.
You just did this by hand
MoneyPOP does this math for you — and keeps it current.
The Self-Employment Tax Calculator gives you today's snapshot. MoneyPOP turns your real income and expenses into a living profit and tax plan, so you always know what you can spend, what to save, and whether a slow week is coming — without redoing the spreadsheet.
- Profit and tax set-aside updated from your actual income
- Cash flow forecast for the weeks ahead
- Weekly insights built for booth rent, tips, and irregular income
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The 1099 & Deduction Checklist for beauty pros
The estimate above tells you what to set aside. This checklist makes sure you don't overpay — built for stylists, barbers, nail techs, estheticians, lash and brow artists, and booth renters.
- Every 1099 and income doc to collect (including cash and app tips)
- 50+ deductions written for booth renters, stylists, nail and lash techs
- What you can never deduct — the fastest audit triggers
- Quarterly payment dates and the Schedule C / Schedule SE steps
- A 15-minute monthly routine to stay ready
Common questions
- How much should I save for taxes as a self-employed stylist?
- A common rule of thumb is 25–30% of your net profit. This calculator estimates self-employment tax at 15.3% on 92.35% of profit, plus your income tax rate, so you can see a number specific to you.
- What are quarterly estimated taxes?
- If you expect to owe $1,000 or more, the IRS wants payments four times a year — mid-April, mid-June, mid-September, and mid-January. Paying quarterly avoids underpayment penalties.
- What can I deduct?
- Booth rent, product and supplies, tools, education, licensing, insurance, booking software, mileage to and from non-home work locations, and a home office if you qualify. Keep receipts.
- Is this tax advice?
- No. It's an estimate to help you set money aside. Rates, deductions, and state taxes vary — confirm with your EA or CPA before filing.
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