Quarterly tax calculator
: Use this gig worker tax calculator and fill in your basic income-related details, press Calculate; the tool will estimate your quarterly tax payment. Thanks to previous data trends, the calculator can tell you if you can save more on taxes, comparing your entries to those of people from similar professions.
1099 tax calculator
: A 1099 worker can use this calculator to estimate annual taxes accurately. You can enter your 1099 income information and find the amount of total yearly taxes.
Self-employed tax calculator
: Because gig workers are responsible for their own taxes, they must pay the Self-Employed Contributions Act (SECA) tax. This covers Social Security and Medicare taxes. Gig workers must contribute 15.3% of their taxable income as SECA tax
. Full-time W-2 employees pay half of this, while their employer pays the other half.
Car & mileage calculator
: If your gig work includes working as a delivery driver, you can deduct the cost of business miles from your taxable income. This calculator will ask questions like the number of miles you drive each year as part of your work and whether you own or lease the car. You'll get a fair estimation of the mileage deduction once you fill in the miles you've driven in the past year and the percentage of time you used the delivery vehicle for work and the value of the fuel used.
Cryptocurrency tax calculator
: The popularity of cryptocurrencies has attracted a lot of new traders. If you are one of them, this tax calculator can help you find the correct amount of taxes to pay on your crypto holdings. In addition, it gives you a precise amount of taxes for your long-term and short-term investments.
Tax penalty calculator
: You can have several reasons to file or pay your taxes late, but you'll still have to pay the penalty. There's a possibility for a tax extension, but late payment or underpayment of estimated taxes attracts a penalty. You can use this calculator to find your tax penalties.