1099 Tax Calculator

Use Keeper’s 1099 tax calculator to see an estimate of your tax bill or refund. Feel free to tinker around, or get serious with our advanced info fields.

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Student tuition payments are amounts paid for education expenses, such as tuition and required fees, to attend an eligible educational institution. These payments can qualify you for education-related tax credits or deductions, like the American Opportunity Credit or Lifetime Learning Credit, which can reduce your overall tax liability.

Mortgage interest is the interest you pay on a loan secured by your home, which can include a mortgage on your primary residence or a second home. This interest is often deductible on your federal income tax return, potentially lowering your taxable income if you itemize deductions.

Traditional IRA contributions are amounts you can contribute to a retirement account, which may be tax-deductible depending on your income and whether you have a retirement plan at work. The contributions grow tax-deferred, meaning you won't pay taxes on the earnings until you withdraw the money during retirement.

Quarterly tax payments are estimated tax payments made four times a year to cover income that isn't subject to withholding, such as self-employment income, interest, dividends, and rental income. These payments help you avoid underpayment penalties and ensure you're paying taxes throughout the year as you earn income.

Keeper assumes a standard withholding by your employer's payroll provider. If you know the exact withholding, you can enter it here for an even more accurate tax refund estimate!

Total Federal Refund
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State Tax Refund
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Potential Business Deductions
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Full tax breakdown

Total Income

This is your total gross income for the year including W2 and 1099 wages.

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Business deductions

Itemized business deductions are specific expenses that you can deduct from your 1099 / business income to reduce your taxable income. These can include costs like office supplies, travel expenses, advertising, and professional services, as long as they are ordinary and necessary for your business.

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Self Employment Tax Deduction

You can deduct the employer half of your self employment taxes.

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Adjusted gross income

This is your total income for the year minus certain adjustments, such as contributions to retirement accounts, student loan interest, and self-employment taxes.

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Standard deduction

The standard deduction is a fixed dollar amount that reduces the income you're taxed on, simplifying the tax filing process. It varies based on your filing status (e.g., single, married filing jointly) and is adjusted annually for inflation.

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Other deductions

Common deductions include state and local taxes, mortgage interest, charitable contributions, student loan interest, retirement contributions, and educational expenses. This line also includes the Qualified Business Income (QBI) deduction, which allows a 20% deduction on qualified 1099 / business income.

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Taxable income

Taxable income is the portion of your income that is subject to federal income tax after accounting for deductions and exemptions. It includes wages, salaries, bonuses, and other forms of income, minus any allowable deductions like the standard deduction or itemized deductions.

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Self Employment Tax Liability

Your self-employment tax liability is the total Social Security and Medicare taxes (currently 15.3%) you are responsible for paying on 92.35% of your net business earnings if they exceed $400 in a year. This covers both the employer and employee portions of FICA taxes.

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Federal Taxes Liability

The estimated federal income tax you owe before credits, withholdings, or payments are applied.

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State Tax Liability

The estimated state income tax you owe before credits, withholdings, or payments, based on your state’s tax rules.

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Credits

The most common tax credits people can claim include the Earned Income Tax Credit (EITC), Child Tax Credit, American Opportunity Credit, Lifetime Learning Credit, and the Premium Tax Credit. These credits can reduce the amount of tax you owe or increase your refund.

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Federal taxes withheld

This refers to the amount of federal and state taxes that are taken out of your paycheck by your employer throughout the year. Keeper assumes a standard withholding by default. If you know your employer's exact withholding, you can input it under "Add advanced info".

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State taxes withheld

This refers to the amount of state taxes that are taken out of your paycheck by your employer throughout the year. Keeper estimates this for you!

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Quarterly Tax Payments

If you've made quarterly estimated payments already for this tax year, add them under "advanced info".

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Estimated annual federal tax bill
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Estimated annual CA tax bill
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I am a freelancer and literally ALWAYS owe in taxes until THIS YEAR. Thank you Kepper <3
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2026-04-18
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2026-04-16
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2026-04-16
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Mark Bonacic
2026-04-16
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As a college student doing contract work on the side, the high amount of taxes being owed was crazy to me considering how I make next to nothing a year (less than 10k). Keeper is able to help me save hundreds of dollars, and as a broke college student, every dollar matters. Last year when I made more money, Keeper brought my federal tax down from $1,200 to $400. This year it got me from $400 to $0. Even though Keeper costs $200 a year, I'm still saving about half of the money owed in the end and that's what matters to me.
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2026-04-16
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2026-04-16
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Ellen K
2026-04-15
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2026-04-15
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Keeper always gets me the right deductions and its program is dummy proof so no mistakes or accidents. I've used them for the last 3 years and I dont have one complaint!
Nicole Lohmann
2026-04-15
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fairly easy and quick to file my taxes with keeper.
Proshanjit Das
2026-04-15
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It was the most simple and easy way to file taxes for a W2 and 1099 side hustle musician and it automatically took into account the expenses it usually takes so long to find in bank records.
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2026-04-14
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2026-04-14
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Julie Bush
2026-04-14
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This was so much easier than trying to find all the deductions myself and sorting through a bunch of faded receipts.
Sophia Berhane
2026-04-14
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A lot easier then I thought. Keeper really took care of all the work.
Danilo Hernandez
2026-04-13
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Very clear and professional advice.
Felicity Wren
2026-04-13
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FAQ

Can I get both a 1099 and a W-2?
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Yes, it’s possible to have both 1099 income and W-2 income. Most people with a full-time job and a side hustle fit into this category.

For example, let’s say you’re a marketing professional who has a salaried job at an agency but also offers consulting services to clients on the side. You’d receive a W-2 from your salaried job and 1099 forms from your clients.

What is the 1099 tax rate?
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1099 workers are taxed at a 15.3% self-employment rate. Normally, this 15.3% is split equally between employers and employees. However, self-employed workers are both the employer and the employee, so they’re on the hook for both halves.

How do I pay less in taxes?
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If you have 1099 income, the best way to save on taxes is to make sure you’re taking all the business deductions available to you. This will lower the amount of income you’re taxed on, thus lowering your tax bill.

How much can I make on a 1099 before I have to claim it?
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If you make over $400 in 1099 income, you should plan to file taxes — whether that income appears on a 1099 or not.

Why might employers prefer 1099s?
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There are several ways in which working with 1099 contractors might be advantageous for employers than hiring W-2 employees, including:

  • Cost savings. When employers opt for 1099 contractors, they’ll save on taxes as well as the cost of benefits for a full-time W-2 employee.
  • Flexibility. Contracting with 1099 workers is often ideal for short-term, project-based hiring. Need a web developer for a one-month project only? A contractor is the way to go.
  • Highly specialized skills. Connecting with the right 1099 contractor means an employer can find exactly who they need for a particular project or task — with minimal training required.
What are some pros and cons of 1099 work?
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Not sure whether you should pursue 1099 work? Here are some pros and cons to consider.
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Pros of self-employment
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  • You can set your own hours
  • You can choose your clients — and nix the ones that aren’t working for you
  • Working with multiple clients often means a varied and exciting work environment

Not sure whether you should pursue 1099 work? Here are some pros and cons to consider.
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Cons of self-employment
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  • Your income can be inconsistent throughout the year, meaning you’ll have to budget carefully
  • You won’t receive benefits like company-sponsored healthcare, sick leave, or paid time off
How much should I set aside for 1099 taxes?
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As a general rule, you should plan to set 20-30% of your self-employment income aside for taxes. You can also get a solid estimate using Keeper’s self-employment tax rate calculator.

How do I file my 1099 taxes?
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You’ll file your 1099 taxes using the following forms:
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  • Schedule C
  • Schedule SE
  • Form 1040

 You may also need to file other forms, depending on your particular tax situation. Check out Keeper’s guide to filing self-employment taxes for step-by-step instructions.

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