What percentage should I set aside for taxes in 2025?
Estimate how much of your 2025 or 2026 self-employed income to set aside for taxes. Enter net profit, filing status, and a state tax rate to see a recommended set-aside percentage and quarterly or monthly savings targets. Includes a buffer option for surprises.
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.