Free tax & finance tools for self-employed workers

Free Finance Tools for
Freelancers & Contractors

No signup. No cost. Calculate your taxes, rates, and invoices in seconds.

🧮 8 Free Calculators ⚡ Instant Results 🔒 No Data Stored
Quarterly Tax 1099 vs W2 Hourly Rate Invoice Builder Late Fee Project Profit Mileage Tax Savings
💰

Quarterly Tax Estimator

Estimate how much to set aside each quarter for federal self-employment and income taxes.

Deductible business costs lower your tax bill
W2 job, spouse income, rental, etc.
Net Self-Employment Income
SE Tax (15.3% on 92.35%)
SE Tax Deduction (½ of SE)
Estimated Federal Income Tax
Total Annual Tax
💡 Save per quarter
Effective Tax Rate

⚠️ Estimate only. Consult a tax professional. Rates based on 2024 tax year brackets.

📊 Track deductible expenses automatically all year — no spreadsheets needed. Try QuickBooks SE →
⚖️

1099 vs W2 Take-Home Comparison

See which pays more after taxes — a contract rate or a salaried position.

Health insurance, 401k match, PTO value, etc.
Item1099 ContractW2 Employee
Gross Annual
SE / Payroll Tax
Est. Income Tax
Business Expenses–
Benefits Value–
Net Take-Home
Winner
Annual Advantage

⚠️ Simplified estimate. Does not include state taxes. Consult a CPA for precise figures.

🎯

Freelance Hourly Rate Calculator

Find out what you need to charge to hit your income goal after taxes and expenses.

Be realistic — admin, sales, and breaks eat hours
Subtract vacation, sick days, holidays
Growth / emergency fund buffer
Total Billable Hours / Year
Revenue Needed (incl. expenses)
Tax Buffer Added
Profit Buffer Added
✅ Minimum Hourly Rate
📈 Recommended Rate (+20% negotiation room)

Tip: If clients push back on your rate, use this calculator to show them your math. It's not negotiable — it's your cost of business.

🧾

Quick Invoice Calculator

Add line items, apply tax and discount, get your invoice total instantly.

Line Items
DescriptionQtyUnit Price
Subtotal$0.00
Discount–$0.00
Tax$0.00
💰 Invoice Total$0.00
📄 Send professional invoices, track payments, and get paid faster — free to start. Try FreshBooks Free →
⏰

Late Payment Fee Calculator

Calculate how much to charge a client who missed your payment deadline.

1.5%/month = 18%/year is standard
Some contracts charge a fixed amount
Original Invoice
Daily Interest
Interest Accrued ( days)
Flat Fee
⚠️ Total Now Owed

💡 Always include a late fee clause in your contracts before you start work. Specify both the rate and grace period.

📈

Project Profitability Calculator

Before you take on a project, find out if it's actually worth your time.

Software, contractors, materials, etc.
Effective Hourly Rate
Gross Profit
Profit Margin
vs Target Rate
Verdict

Rule of thumb: anything under 40% margin or below your target rate needs renegotiation.

🚗

Business Mileage Deduction Calculator

Calculate your IRS mileage deduction for business driving (2024 rate: 67¢/mile).

2024 standard rate is 67¢. Update each year.
Total Deductible Amount
Tax Saved (at your bracket)
Per-Trip Average
Effective Saving per Mile

📱 Use MileIQ or Everlance to auto-track business miles. One forgotten trip = lost money.

🏠

Home Office Tax Deduction

Calculate how much of your rent/mortgage and utilities you can deduct.

Must be used exclusively for business
Electric, heat, internet (business portion)
Business Use Percentage
Deductible Rent/Mortgage
Deductible Utilities
Total Home Office Deduction
💵 Actual Tax Saved

⚠️ The office must be used regularly and exclusively for business. Mixed-use rooms don't qualify.

🗂 Let a CPA find every deduction for you. First-time freelancers save an average of $3,400. Try Bench Accounting →