Free tools
Financial calculators for smart business owners.
Estimate taxes, payroll costs, and take-home pay instantly — built by VarStan Bookkeeping Services.
Employee Payroll Cost
How much does an employee actually cost you as
an employer?
$
Gross
Salary—
Social Security
(6.2%)—
Medicare
(1.45%)—
FUTA / SUTA
(est.)—
Total Employer
Cost—
Employee Take-Home Pay
Estimate an employee's net annual and monthly
take-home.
$
Fed Income Tax
(est.)—
FICA
(7.65%)—
State Tax
(est.)—
Annual
Take-Home—
Monthly
Take-Home—
Self-Employment Tax
Freelancers & contractors: estimate your SE
tax and what you owe.
$
$
$
Net Profit (after
expenses)—
Self-Employment Tax
(15.3%)—
SE Tax Deduction
(½)—
Est. Federal Income
Tax—
Total Tax Owed
(est.)—
Effective Tax
Rate—
Home Office Deduction
Estimate your home office write-off using the
simplified or regular method.
Home Office
Deduction—
Tax Savings (est. 25%
rate)—
LLC vs S-Corp Tax Savings
See how much you could save by electing S-Corp
status for your LLC.
$
$
LLC (Default)
SE
Tax—
Income
Tax—
Total
Tax—
S-Corp Election
Payroll
Taxes—
Income
Tax—
Total
Tax—
Annual Savings 🎉
—
Quarterly Estimated Tax
Estimate each quarterly payment to avoid IRS
underpayment penalties.
$
Annual Tax
Est.—
Per Quarter
(÷4)—
Due dates: Apr 15 · Jun 16 ·
Sep 15 · Jan 15
Underpayment Penalty Check
See if you might owe an IRS penalty for
underpaying estimated taxes.
$
$
$
Safe Harbor (110% of
prior)—
Amount Paid—
Status—
Mileage Deduction (2024)
IRS standard rate: 67¢/mile for business use
in 2024.
Mileage
Deduction—
Est. Tax
Savings—
Per-Mile Tax
Saving—
Self-Employed Health Insurance
SE health insurance premiums are 100%
deductible — estimate your savings.
$
$
Deduction
Amount—
Federal Tax
Savings—
NoteNot available if eligible for employer plan