What tax rate should I use?

Use your combined federal and state marginal rate if you know it; otherwise 25–30% is a rough default for many freelancers. This is only an estimate; actual tax depends on deductions and other income.

Why effective hourly rate?

It shows your take-home per hour after expenses and tax, so you can compare freelance work to a salaried job or decide if a project is worth your time.

Freelance Annual Income Calculator

Toggle between hourly and per-project billing. Enter your rate and hours (or average project value and projects per month) plus annual expenses and tax rate to see gross annual income, after expenses, after tax, and effective hourly rate.

Billing type

HourlyPer project

Hourly rate ($)

Hours worked per week

Annual expenses ($)

Estimated tax rate (%)

How it works

For hourly: gross annual = hourly rate × hours per week × 52. For per-project: gross annual = average project value × projects per month × 12. After expenses is gross minus annual business expenses.

After estimated tax applies your chosen tax rate to (gross − expenses). Effective hourly rate is (after tax) ÷ total hours in the year, so you see what you’re really earning per hour after costs and tax.

Freelance Annual Income Calculator

How it works

Frequently asked questions

Stop estimating. Start invoicing.

Freelance Annual Income Calculator

How it works

Frequently asked questions

Stop estimating. Start invoicing.