Holdback: 1099 Tax Calculator

The 1099 tax calculator for freelancers, contractors, and gig workers: know how much estimated tax to set aside from every payment, and what quarterly tax to pay the IRS. Self-employed? No one is taking taxes out for you. Holdback works out the share of every payment you should move to a tax savings account, and the four quarterly estimated payments to send the IRS, then reminds you before each deadline. How it works - Set your filing status, state, and roughly what you expect to earn. - Log each payment as you get paid. Holdback tells you the dollar amount to set aside, rounded up so you're never short. - See your running total, your effective rate, and what's due next quarter. What it covers - Federal self-employment tax and income tax, the standard deduction, and a conservative QBI deduction - The No Tax on Tips and No Tax on Overtime deductions, with a daily tip log and a year-end…