Quarterly Tax Calculator
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Have you paid quarterly taxes before?

Get the most accurate quarterly tax payments based on your income and deductions.

75% of freelancers overpay on their taxes

Most freelancers don't consider tax deductions while estimating quarterly taxes. This leads to either overpayments or penalties.

Stop estimating and start calculating using A.I. in just 5 minutes.

A.I. automatically finds every deduction

You can review the deductions, and answer a few basic questions to accurately calculate quarterly tax payments in just 5 minutes.


CPAs ensure 100% accuracy

If you think your taxes are more complicated than usual, you can choose to consult a CPA for free.


Here’s what you’ll get!

Automated expense classification

Tax deductions fetched by A.I.

Free CPA review

Takes 5 minutes
after set-up
100% accurate
tax estimate
Save $3,700
on average

Meet Jane, a freelance Blogger (Health & Wellness)

Jane saved $4,740
in quarterly taxes.
Jane is a freelance blogger from California and her sole source of income is from freelancing gigs and blogging. When it was time for her to pay her quarterly taxes, she wanted to avoid overpaying. She realized the only way to avoid overpaying on taxes was by finding tax deductions. FlyFin’s A.I. came to her rescue and found every possible deduction for her, automatically. From a yoga mat to a camera for streaming her classes and even softwares like Canva or Vimeo for streaming classes, A.I. helped organize her deductions and calculated her quarterly tax payment with 100% accuracy.

Cash-in on this opportunity!

Never miss a deadline! FlyFin notifies you before your quarterly taxes are due; and you always stay on top of taxes!


How to pay quarterly taxes?

Key Takeaways:
  • Quarterly tax payments are made four times a year
  • You’re expected to make payments if you expect to owe $1,000 or more in taxes
  • Tax deductions can help lower your taxable amount
  • Failing to follow IRS guidelines can result in penalties

The U.S. taxation system works on a pay-as-you-go basis which simply means that you must pay your taxes as you earn. Most taxpayers, specifically the W2 employees don’t have to worry about it since their employer withholds money from their paycheck to pay their taxes.

However, the same isn’t the case with freelancers. As a self-employed worker, you have to pay dues to the government yourself. You must pay your taxes four times a year. These taxes are known as estimated quarterly tax payments, and the sum of these payments must match your tax liability for the year.

These quarterly taxes are used to pay for the following:
  • Federal Income tax
  • State income tax
  • Self-employment taxes
  • Social security
  • Medicaid/medicare

So if you are self-employed, you must pay quarterly taxes, specifically, if you owe $1,000 or more in taxes when you file your annual return. The same is the case with corporations that expect to owe at least $500 to the government.

Usually, the estimated tax due date falls on the 15th of April, June, September, and January. However, for the year 2022, the due dates are slightly different. The following table represents the quarterly tax due dates for the following year (2022):

Payment Period
Due Date
Sept. 1 – Dec. 31, 2021
Jan 18, 2022
Jan. 1 – March 31, 2022
April 18, 2022
April 1 – May 31, 2022
June 15, 2022
June 1 – Aug. 31, 2022
Sept. 15, 2022
Sept. 1 - Dec. 31, 2022
Jan. 16, 2023

If any of the above-mentioned due dates happen to fall on a weekend or a holiday that year, you can pay on the next business day.

It has been observed that most freelancers struggle with their quarterlies — over 53 million people in the U.S. are freelancing where 75% are overpaying on taxes since they don’t consider deductions while calculating their expenses.

Common Tax Deduction for Freelancers

The following represents some of the common tax deductions available for freelancers:

  • Home Office: If you work from home, you can claim the self-employed home office deduction. The deduction helps you deduct all the expenses related to your home office such as Utilities, Rent, Mortgage, Cleaning Supplies, Furniture, etc. These work from home tax deductions are highly beneficial.
  • Internet & Telephone Expenses: A stable internet connection is a necessity especially if you conduct your business from home. So you can claim internet tax deduction. Similarly, if you have a separate telephone line for your home office, you can deduct the bill from your taxes.
  • Office Supplies: Any equipment or supplies you require to operate your business qualify as a deductible expense.
  • Education Expenses: You can also deduct the cost of your education. However, you must prove that the program or course helps maintain or improve skills required in your trade, or that it is required by law for keeping your license or renewing your certification.
  • Health insurance premiums: Health insurance premiums and other medical expenses are eligible for deductions as long as you’re self-employed and didn’t receive coverage from an employer.
  • Car mileage: If you drive for work, you can claim your business mileage using the standard mileage rate or itemizing each deduction.
  • Travel expenses: When conducting business out of town, you can write off your travel expenses like transportation, lodging and a rental car.
  • Charity contributions: If you donate to a qualified charity, you can deduct your charity contribution up to a certain amount.
  • Retirement plan contributions: Planning for your retirement is important, and you can claim a deduction for qualifying retirement contributions.

The IRS permits you to deduct any expenses that are both ordinary and necessary in your trade or industry. So, there are many other deductions that you can claim as a freelancer, depending on your profession.

Filing Quarterly Taxes

Now, when it comes to filing your taxes as a self-employed worker, you’ll need to submit form 1040es with your income tax return. Most self-employed workers need to file Schedule C with their tax returns. You can send estimated tax payments using one of these many payments methods:

  • Electronic Federal Tax Payment System (best option for businesses or large payments; enrollment required)
  • Electronic Funds Withdrawal (during e-filing)
  • Same-day wire
  • Check or money order
  • Cash
As a freelancer, paying quarterly estimated taxes is inevitable unless you have already paid at least:
  • 90% of your estimated tax owed for the current year
  • 100% of the tax amount owed shown on your return for the prior year

In such cases, your tax liability is almost completely taken care of. However, this is most common for people who have received a refund for the previous year’s taxes and use that to pay their upcoming year’s taxes.

Avoiding or not paying your 1040es taxes on time can lead to penalties. The IRS can charge a penalty for delayed or inadequate payments, even if you’re due a refund when you file your tax return. These estimated tax penalties can be steep.

So to avoid being penalized, it’s not only important to calculate your taxes properly but to also file them on time. There are multiple ways to accomplish this task, ranging from computing the data to a spreadsheet to using tax software.

Once you’ve figured out your preferred method, make sure to consult a CPA to claim all the appropriate deductions associated with your line of business.

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