Your numbers
$
Leave blank if you don't have a day job. If you file jointly, include both spouses' wages.
My side hustle numbers are
Enter what you expect to earn and spend for the whole year.
$
Total sales or payments received, before fees and expenses.
$
Supplies, platform fees, shipping, software, business mileage, and so on.
$
Federal income tax withheld per paycheck × paychecks in the year. If you leave this blank, we assume your withholding covers the tax on your wages.
Your estimate
Set aside about 0% of every side hustle dollar
Enter your side hustle income to see your estimate.
Extra federal tax from your side hustle
$0
Self-employment tax
$0
Extra income tax
$0
Where each side hustle dollar goes
Quarterly estimated payments
How we calculated it
The QBI deduction here is simplified: a flat 20% of qualified business income, limited to 20% of taxable income, with no phase-outs or limits for higher earners.