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Friendly Financial Tools

Professional financial calculators and planning tools to help you make informed financial decisions. Free, accurate, and easy to use.

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Side Hustle Tax Calculator

Calculate quarterly tax estimates for your gig economy income. Stay compliant and avoid penalties with accurate tax planning for rideshare, delivery, freelance, and other side hustles.

Quarterly EstimatesGig EconomySelf-Employment Tax1099 Income

Side Hustle Income Details

Enter your gig economy income and expenses for accurate tax estimates

Total income from all gig work (Uber, DoorDash, freelancing, etc.)

Tax Calculation Summary

$996.34
Quarterly Payment
1,811.5288%
Effective Tax Rate
Net Income:$22,000.00
Self-Employment Tax:$3,108.50
Federal Income Tax:$584.57
State Income Tax:$292.29
Total Tax:$3,985.36
After-Tax Income:$18,014.64

Tax Saving Tips for Side Hustlers

Maximize your deductions and minimize your tax liability

Track All Business Expenses

Keep receipts for vehicle expenses, phone bills, equipment, and supplies used for your side hustle.

$500-2000

Make Quarterly Payments

Avoid penalties by making estimated tax payments quarterly instead of waiting until year-end.

Avoid penalties

Consider a Business Credit Card

Separate business expenses to make tax preparation easier and maximize deductions.

$300-1000

Home Office Deduction

If you use part of your home exclusively for business, you may qualify for the home office deduction.

$200-800

Side Hustle Tax FAQ

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