How much to set aside from this payment
$
%
$
Deduct platform fee
Uber, Fiverr, Upwork, Etsy, etc. take a cut
Your breakdown
Set aside for taxes
$0
move this now
Your take-home
$0
free to spend
Effective tax rate
0%
of invoice amount
Net income (taxable)
$0
after fees & expenses
The per-payment tax habit
The most reliable way to never owe a surprise tax bill: every time a payment comes in, immediately move the tax portion to a separate account. Don't wait until quarter end. Don't average it out. Move it now, while the money is there and visible.
This calculator tells you exactly how much to move, accounting for platform fees and any direct expenses associated with this job.