Freelancer take-home calculator
Self-employed? Your tax bill is different from a salaried employee's — you pay both sides of social contributions and may qualify for extra deductions.
Your income
Take-home
$63,733.08
Total tax & NI
$16,266.92
Effective rate
20.3%
Breakdown
| Net SE income | $80,000.00 |
| Self-employment tax (15.3%) | −$11,303.64 |
| Federal income tax | −$4,963.28 |
| Take-home | $63,733.08 |
- · Deductions applied: ½ SE tax ($5652), QBI 20% ($16000), standard deduction ($15,000).
- · State income tax not included.
Key differences from employment
- US: 15.3% SE tax on 92.35% of net income (both employee & employer sides of FICA). Half is deductible. QBI deduction (20%) may reduce taxable income further.
- UK: Class 4 NI instead of Class 1 — 6% on £12,570–£50,270, 2% above. Class 2 abolished April 2024.
- Canada: You pay both employee and employer CPP (11.9% total on pensionable earnings). Half is deductible for income tax.
- Australia: Same income tax rates, but Super Guarantee (11.5%) is on top of your fee — it's an extra cost to clients, not taken from your income.