Show HN: Nomocrunch Tax Navigator – Free, Simple Tax Estimator for Freelancers

This freelance tax calculator gives you an accurate estimate of what you'll owe, including federal income tax, state tax, and self-employment taxes (Social Security and Medicare). Simply enter your income and deductions to get personalized results.

Common freelancer tax deductions include home office expenses, business software subscriptions, professional equipment, travel costs, and educational courses. This tool helps identify deductions you might be missing to maximize your tax savings.

Quarterly estimated tax payments are due on April 15, June 15, September 15, and January 15. Our calculator helps estimate how much to pay each quarter to avoid penalties and stay current with the IRS.

A general rule is to set aside about 30% of your freelance income to cover federal, state, and self-employment taxes. This percentage can vary based on your specific tax situation.

If you expect to owe $1,000 or more in taxes for the year, the IRS requires you to make estimated quarterly tax payments to avoid penalties.

Yes, if you use part of your home exclusively and regularly for business, you can deduct a portion of your rent and utilities based on the percentage of your home used for business purposes.

The QBI deduction allows eligible self-employed individuals to deduct up to 20% of their qualified business income, reducing taxable income.

Subtract your business expenses from your total income to get net profit. Then, deduct self-employment tax and income tax to determine your take-home pay.

Failing to pay estimated taxes can result in underpayment penalties and interest charges from the IRS.

No expensive software needed! NoMoCrunch's tax calculator is designed specifically for solo freelancers and 1099 contractors. Get accurate tax estimates without the complexity of traditional accounting software.