Side Hustle Income Calculator
Calculate the true potential of your freelance work or side business after taxes and expenses.
Input Data
Software, hosting, ads, equipment, etc.
Self-employment tax is 15.3% + your income tax bracket.
Results
Monthly Net Profit
$1,549
Yearly Net Profit
$18,585
Gross Annual Revenue
$25,980
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Is Your Side Hustle Worth It?
Many freelancers forget to account for taxes and overhead expenses. A $50/hour rate might look like $35/hour after self-employment taxes.
Tax Tips for Side Hustlers
- Set Aside 25-30%: Always save a portion of every payment for tax season.
- Track Expenses: Software subscriptions, equipment, and home office space can often be deducted.
- Quarterly Payments: If you owe more than $1,000 in taxes, the IRS expects quarterly estimated payments.