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.
Numbers update as you type · nothing to sign up
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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Free PDF
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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