Creators & Freelancers

Forgiven debt is not taxed at one flat rate. It stacks on top of the income you already had, so it can straddle two brackets, and if your debts exceeded your assets immediately before the cancellation, part or all of it may not be taxable at all.

How much tax do you owe on a 1099-C?→

You have to clear one of the two doors, not both.

How much estimated tax do I have to pay?→

The easy method stops dead at $1,500.

How much is the home office deduction worth?→

A dollar of deduction does not cut your taxable income by a dollar.

What is the mileage deduction actually worth?→

The saving is real, it is smaller than the sum you have read, and it has a floor of fixed costs underneath it.

Would an S-corp actually save me money?→

This is your FEDERAL tax. It is not your whole tax bill.

How much tax do you owe on 1099 income?→

You have to charge about twice the salaried hourly wage to take home the salaried pay.

What should I charge as a freelancer?→

A fixed bid is your hourly rate in disguise, plus the revisions and fees people forget to bill. Price those in or eat them.

Freelance project quote calculator→

The 2,080-hour year is a full-time myth for freelancers. Your annual figure is your rate times the hours you actually bill, not the ones on a calendar.

Hourly to salary calculator→

A late fee is not a penalty you invent after the fact. If it is not in the contract before the work, it is a request, not a charge.

Invoice late fee calculator→

Markup and margin are not the same number, and mistaking one for the other is how a 30% markup becomes a 23% margin.

Subcontractor markup calculator→

Your RPM decides the whole number, and it comes from your dashboard, not a guess. Ad money is usually the smallest slice.

Creator earnings calculator→

Downloads times the CPM you were quoted is well over double what lands in the bank. Fill rate and the network's cut compound.

Podcast earnings calculator→