Freelance Annual Income Calculator

Calculate your freelance income after taxes, expenses, and downtime.

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Freelance Income

Enter your freelance rate, hours, and expenses.

Net annual income (after tax)
$0
Gross: $0
Gross revenue
$0
Business expenses
$0
Net before tax
$0
Tax payable
$0
Net after tax
$0
Effective hourly rate
$0

Worked example

With the default inputs shown below, this calculator returns the following results:

InputValue
Hourly rate ($)$100
Billable hours per week25
Weeks worked per year45
Business expenses ($/year)10000
Effective tax rate (%)25%
ResultValue
Net annual income (after tax)$76,875
Gross revenue$112,500
Business expenses$10,000
Net before tax$102,500
Tax payable$25,625
Net after tax$76,875

Values shown are produced by this page in your browser; change any input to update them.

How to use the Freelance Income

  1. Hourly rate ($) — default $100
  2. Billable hours per week — default 25
  3. Weeks worked per year — default 45
  4. Business expenses ($/year) — default 10000
  5. Effective tax rate (%) — default 25%
  6. Press Calculate to update the results instantly.

Frequently asked questions

Start with gross billings, subtract business expenses and self-employment tax, then allow for unpaid weeks. What remains is what a salaried job would have to pay you.
Because you cover your own benefits, pension, holidays and downtime. Consultants often charge around 1.5 to 2 times the equivalent hourly wage.
Plan on 44-46 weeks. Holidays, illness, admin and marketing typically consume six to eight weeks a year.

Sources & references