How Much to Set Aside for Taxes
Enter your invoice amount and your estimated annual income. We'll calculate exactly how much to save — based on real tax math, not the generic '30% rule'.
The amount on this invoice
$
Your total self-employed income for the year
$
⚠️ Estimates only. Tax rates updated for 2026. Consult a CPA for advice specific to your situation.
Save this from your invoice
$2,298
46.0% effective rate
Yours to keep
$2,702
Where it goes
SE Tax (Social Security + Medicare)$1,413
Federal Income Tax$420
State Income Tax (CA)$465
The "save 30%" rule is often wrong. Your real rate is 46.0%. In your state/income bracket, 30% may not be enough.