TaxPlanCalcTax year 2026

1099 Tax Calculator

2026 rules

Estimate the tax on your 1099 income and how much of each payment to set aside.

Your numbers

Result

Tax on your 1099 income$13,651

  1. Net profit$67,000
  2. Self-employment tax-$9,467
  3. Federal income tax on it (after QBI deduction)-$4,184
  4. Total tax-$13,651
  5. Set aside from each payment18.2%
  6. Quarterly estimated payment$3,413

How it works

Freelance income owes self-employment tax (15.3% on most of it) plus income tax at your bracket. The 20% qualified business income deduction and the deduction for half of SE tax lower the income tax part.

Add W-2 wages if you have a job too. They fill the lower brackets first and count toward the Social Security wage base.

2026 figures: IRS Rev. Proc. 2025-32 (2026 inflation adjustments); IRS Notice 2025-67 (2026 retirement plan limits); SSA 2026 COLA fact sheet; IRS Notice 2026-10 and Announcement 2026-11 (mileage).

Questions

What if a client didn't send a 1099?

The income is taxable either way. Starting with 2026 payments, clients only have to send a 1099-NEC once they pay you $2,000 or more.

Can I deduct health insurance?

Self-employed health insurance premiums are deductible on Schedule 1 if you weren't eligible for an employer plan. That lowers income tax but not SE tax.

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