1099 Calculator
Contractors pay both halves of FICA — 15.3% self-employment tax on 92.35% of net income, plus income tax.
Result
Self-employment tax$9,890.69
Federal income tax$5,926.02
Total tax$15,816.71
Quarterly payment$3,954.18
Keep after tax$54,183.29
Effective rate22.6%
1099 Calculator — FAQs
When are quarterly payments due?
Apr 15, Jun 15, Sep 15, and Jan 15 — Form 1040-ES. Missing them triggers an underpayment penalty.
What can I deduct?
Ordinary business expenses: software, equipment, home office, mileage, health insurance premiums, half your SE tax.
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