Salary negotiation, freelance pricing, and the W-2 vs 1099 decision are some of the biggest financial levers in independent work. Every result shows the exact formula behind it so you can understand the tradeoffs before you choose.
Calculate your home office tax deduction using the IRS simplified method ($5/sq ft, max $1,500) or the regular method (actual expenses × business-use %). See your estimated tax savings for freelancers and 1099 contractors.
Σ Shows workSide-by-side comparison of SEP-IRA, Solo 401(k), SIMPLE IRA, and Traditional IRA for 1099 workers. Enter your net SE income to see max contribution, immediate tax savings, projected balance at retirement, and monthly income at 4% withdrawal — for all four accounts simultaneously.
Σ Shows workCalculate your 2024 business meal deduction under TCJA 2017 rules. 50% for documented client/team meals, 100% for on-premises employer meals, 50% for office snacks. Covers the entertainment-vs-meal distinction, IRC §274(d) documentation requirements, and your quarterly tax savings.
Σ Shows workCompare IRS Simplified ($5/sq ft, max $1,500) vs Regular/Form 8829 side by side. Enter rent or mortgage expenses, see both deductions, the winner, tax savings at your rate, and quarterly payment reduction.
Σ Shows workFind out if PayPal, Venmo, Stripe, Etsy, or Square will send you a 1099-K. Enter income per platform, see which cross the IRS threshold ($5,000 in 2024, $2,500 in 2025, $600 in 2026+), and get your SE tax estimate regardless of the form.
Σ Shows workDetermine whether your payment triggers a 1099-NEC or 1099-MISC — and what to do with it. Covers freelance income, rent, royalties, prizes, attorney fees, and more. SE tax impact included.
Σ Shows workCalculate your overtime pay for any week. Supports FLSA time-and-a-half (federal), double-time, and California's daily overtime rules. See your gross pay breakdown by regular vs overtime hours.
Σ Shows workWhat should you actually charge per hour? Account for taxes, health insurance, retirement, and the hours you can't bill — get the real number.
Σ Shows workFormula
Rate = (Income + Expenses) ÷ Billable Hours
Enter your invoice amount, expenses, filing status, and state — see your SE tax, federal income tax, state tax, net take-home, and what to set aside quarterly. True after-tax $/hr included.
Σ Shows workSide-by-side comparison of a job offer vs freelance income after all taxes. Accounts for SE tax, FICA, benefits, 401k match, expenses, and retirement — the winner highlighted in emerald.
Σ Shows workSame gross pay, wildly different take-home. See exactly how W-2 and 1099 offers compare after self-employment tax, FICA, and employer benefits — then get the break-even number that tells you exactly what to negotiate.
Σ Shows workFormula
breakEven = 1099 gross that matches W-2 total value incl. benefits
Convert between hourly rate and annual salary — including overtime, PTO, and taxes
Σ Shows workCalculate your exact take-home pay after taxes, benefits, and deductions
Σ Shows workYour salary ÷ 40 hours isn't your real rate. Factor in taxes, commute, decompression, and work expenses to find what an hour of your life actually earns.
Σ Shows workHave a W-2 job and 1099 side income? Find out exactly how much to add on W-4 line 4c to cover your 1099 tax without paying quarterly estimates. Shows total liability, withholding gap, safe harbor status, and recommended amount per paycheck.
Σ Shows work2024 IRS mileage rates: $0.67/mi business, $0.21/mi medical, $0.14/mi charity. Split your miles by purpose, compare standard rate vs actual expenses (gas, insurance, depreciation, maintenance), and see your tax savings and quarterly payment reduction.
Σ Shows workCalculate how long it takes to pay off IRS tax debt with interest and failure-to-pay penalties. See the true cost, compare extra payment scenarios, model a one-time lump sum, and learn about IRS Fresh Start program options.
Σ Shows workCompare the true financial cost of working from home vs going into the office. Factor in commute, wardrobe, lunches, parking, home internet, utilities, and coworking — and see which offer pays more in take-home dollars.
Σ Shows workCompare Section 179 expensing, bonus depreciation (60% in 2024), and MACRS for any business asset. See year-1 deduction, estimated tax savings, and a full multi-year MACRS schedule.
Σ Shows workSee the full long-term impact of your raise — real income after inflation, retirement boost, and lifetime earnings.
Σ Shows workSee your real take-home from a raise after taxes and inflation. Most people are surprised how little extra they keep.
Σ Shows work2024 income tax rates for all 50 states and DC, ranked by freelancer-friendliness. Filter no-income-tax states, sort by rate, and read contractor-specific notes for every jurisdiction.
Σ Shows workVisual, educational tool showing exactly how 2024 federal tax brackets work. Stacked bar chart for each bracket, effective vs marginal rate, pre-tax deductions, and the bracket bump myth — busted with the math shown.
Σ Shows workFormula
tax = Σ(dollars_in_each_bracket × bracket_rate)
Calculate your Form 1040 Line 17 health insurance deduction as a self-employed person. Covers health, dental, vision, and LTC premiums. Shows deduction cap at net SE income, federal and state tax savings, and effective monthly premium cost after the government subsidy.
Σ Shows workCalculate your IRC §162(l) health insurance deduction: medical, dental, vision, and long-term care premiums. Includes income cap logic, marketplace subsidy interaction, and combined AGI reduction with the ½ SE tax deduction.
Σ Shows workWas that project actually worth it? Enter hours by type (calls, work, revisions, admin), project expenses, payment received vs outstanding, and opportunity cost. See your true effective hourly rate, profit margin, and a composite client score (0–100).
Σ Shows workWhat hourly rate do you need as a contractor to match your current W-2 salary? Enter your employer's exact benefits package (health, 401k match, PTO), expected contractor expenses, and billable hours to see your break-even rate and contractor premium.
Σ Shows workCalculate the exact quarterly estimated tax payment to avoid the IRS underpayment penalty. Computes both safe harbor methods — 100%/110% of prior year tax vs 90% of current year — recommends the lower one, and shows your per-quarter payment schedule.
Σ Shows workCalculate your exact self-employment tax using the IRS formula. Shows SE tax (SS + Medicare), the half-SE deduction, 2024 federal income tax brackets, effective rate, take-home pay, and quarterly estimated payment.
Σ Shows workRemote freelancer with clients in multiple states? Calculate state taxes owed in each state, credits that prevent double taxation, and your true multi-state tax burden. Covers all 50 states + DC.
Σ Shows workCalculate your estimated quarterly tax payments as a freelancer or 1099 contractor. Covers self-employment tax, federal income tax by bracket, state tax, and IRS safe harbor rules.
Σ Shows workCalculate your quarterly IRS payments with QBI deduction (Section 199A), safe harbor, and all 4 due dates. Adds the 20% pass-through deduction that most freelancers forget to claim.
Σ Shows workIRS-compliant mileage log with 2024 standard rates ($0.67/mi business). Log trips with date, destination, and business purpose, see monthly deduction summaries, and export to CSV for your tax preparer.
Σ Shows workCalculate your SE tax (15.3%), the ½ SE tax deduction, federal income tax by bracket, total annual tax bill, effective rate, take-home pay, and quarterly estimated payment. Every IRS formula step shown.
Σ Shows workCalculate your IRC §162(l) health insurance deduction. See federal + state tax savings, effective monthly premium after tax benefit, net SE income limit check, and ACA Premium Tax Credit eligibility flag.
Σ Shows workIs your side gig actually worth it? Enter hourly rate, hours per week, and expenses to see net income after SE tax, effective hourly rate, and whether you're beating the opportunity cost of those hours at your day job.
Σ Shows workStop guessing your rate. Work backwards from desired take-home to find your walk-away floor, target ask, and W-2 salary equivalent. Includes a ready-to-use negotiation script and rate schedule for hourly, daily, weekly, and monthly contracts.
Σ Shows workQuantify every W-2 benefit you have to replace as a 1099 worker — health, dental, HSA, 401k match, PTO, sick days, life, disability — with correct tax treatment for each. Outputs the freelance hourly rate needed to net the same take-home as a specific W-2 salary.
Σ Shows workTrue annual cost of a W-2 employee vs 1099 contractor vs doing the work yourself. Employer FICA (7.65%), benefits, recruiting, onboarding productivity loss, overhead, and management time — all modeled. Includes break-even bill rate and the 1.3–1.5× salary rule explained.
Σ Shows workWhen to raise your freelance rates and by how much. CPI compound inflation adjustment, market range by discipline (design/dev/writing/marketing/consulting), income target rate, and a client attrition model — what happens to income if 20% of clients leave after the raise.
Σ Shows workIs your freelance rate actually competitive? Enter your category, years of experience, location tier, and specialization level to see your rate percentile, market low/median/high for your segment, the dollar gap to market rate, and what raising to median means annually. Benchmarks from BLS OES, Upwork, and Toptal 2024.
Σ Shows workScore your freelance income stability 0–100 based on client concentration (35 pts), contract type (25 pts), payment terms (15 pts), and emergency fund runway (25 pts). Get a rating badge (Unstable / Developing / Stable / Resilient), per-factor breakdown, improvement actions, and recommended emergency fund runway.
Σ Shows workData-driven answer to the rate-raise question. Enter utilization %, proposal rejection rate, months since last raise, and CPI to get a Raise Now / Raise Soon / Hold verdict, suggested rate range with demand premium, annual revenue impact, and a step-by-step transition strategy.
Σ Shows workCalculate the floor price for any freelance project. Enter estimated hours, complexity buffer, revision rounds, rush factor, and expenses to get a defensible minimum quote and value-based upper bound.
Σ Shows workQuantify the true cost of a bad client: scope creep hours, communication overhead, late payment fees, and opportunity cost. Get a data-driven fire-this-client verdict and break-even rate for future work.
Σ Shows workCalculate how much to save each month across 4 buckets: tax reserve (SE + federal + state), retirement (SEP-IRA up to $69k), emergency fund, and equipment reserve. Get a recommended savings rate and monthly take-home.
Σ Shows workCalculate exactly what percentage to set aside from every 1099 payment. Covers SE tax, federal income tax by bracket, and all 50 states. Per-invoice set-aside + quarterly payment schedule with 2025 due dates.
Σ Shows workQuantify the real annual cost of Net 30, Net 15, or Net 60 payment terms vs getting paid upfront. See outstanding AR, opportunity cost, cash flow gap, and exactly how much you save by tightening terms.
Σ Shows workLog your freelance rate history over time. Track rate changes, see your % growth since starting, get a nudge when you are overdue for a raise, and export your history as CSV. localStorage-based — no account needed.
Σ Shows workKnow your number before you walk into the room. Enter your current salary, target, competing offer, industry, experience, and metro area to get a negotiation range, market rate estimate, and a ready-to-use counter-offer script.
Σ Shows workPractice salary and freelance rate negotiation with ready-to-use opening scripts, objection handlers, and a 10-year compounding stakes calculator.
Σ Shows workMarket rate ranges for 14 freelance skill categories by junior/mid/senior level and location. See where your rate falls and the gap to the next tier.
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