Freelancer Tax Calculator
Estimate freelancer taxes
Estimate the taxes and net income from your self-employed work based on your income, deductible expenses, social contributions and the effective tax rate you expect. It helps you know how much to set aside each quarter.
Calculate your self-employment taxes
Result
Annual net income
€22,720.00
- Profit
- €28,400.00
- Estimated tax
- €5,680.00
- Set aside each quarter
- €1,420.00
- Average monthly net
- €1,893.33
Formula version: 1.0.0
How to use the freelancer tax calculator
- Enter your annual income and deductible expenses.
- Enter what you pay each year in social contributions.
- Enter your estimated effective rate and review the net income and how much to set aside each quarter.
How freelance profit is calculated
Profit = income − expenses − contributions · Tax = profit × rate · Net = profit − tax
Setting aside a quarter of the estimated tax every quarter avoids surprises when you file.
Freelancer tax example
With €40,000 of income, €8,000 of expenses and €3,600 of contributions, profit is €28,400. At a 20% effective rate you'd pay €5,680 (€1,420 a quarter) and keep €22,720 net.
Illustrative example with the data shown; not a guaranteed outcome.
Assumptions and limitations
- You enter the effective rate; no country's rules are applied.
- Contributions are deducted as an expense before tax.
- Indirect taxes such as the VAT you charge and file are not included.
Frequently asked questions
Which expenses are deductible?
It depends on each country's rules; typically those linked to the business and backed by invoices.
How do I estimate my effective rate?
Divide last year's tax by your profit, or use the income tax calculator with your country's brackets.
Related calculators
See taxes calculatorsIndicative result for information only; not financial or tax advice. Read the legal notice · How we calculate results
Spotted a possible error in this calculator? Let us know