What percentage should I set aside for taxes in 2026 or 2027 planning?
Use this tax set-aside calculator to estimate what percentage of self-employed income to reserve for federal taxes. It combines income tax, self-employment tax, deductions, and payment assumptions to create a practical savings target.
tax set aside calculator
Quick answer
The right tax set-aside percentage depends on net profit, deductions, filing status, other income, and self-employment tax. This calculator estimates a percentage to reserve from each payment or month.
Also answers
- 1099 tax set aside calculator
- freelance tax percentage calculator
- self-employed tax savings calculator
- contractor tax set aside
Good fit when
- Setting aside tax from 1099 payments
- Planning quarterly estimated payments
- Avoiding under-saving for self-employment tax
Have ready
- Gross 1099 income and expenses
- Filing status and other income
- Payments already made or withheld
Result you get
Recommended set-aside percentage and estimated dollar reserve.
How this calculation works
- Combines SE tax and income tax estimates to get total tax.
- Applies a state tax rate and subtracts credits if entered.
- Adds an optional buffer to recommend a set-aside rate.
- Translates annual totals into quarterly and monthly targets.
Common mistakes and caveats
- State tax input is a flat estimate and may not match brackets.
- Credits and deductions can materially change the set-aside rate.
- Recalculate when income changes during the year.
FAQ
Should I use a buffer?
A small buffer can help cover income swings or unexpected tax changes.
TaxGuide Pro provides free state and federal tax calculators for individuals, freelancers, and small businesses.