SunCircuit Tools

1099 / Side Hustle Tax Estimator

Estimate how much tax you owe on gig work, freelance, and 1099 income on top of your regular job. See your true take-home pay.

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Determines your marginal tax bracket

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Frequently Asked Questions

Do I have to pay taxes on side hustle income?

Yes. If you earn $400 or more in net self-employment income, you owe self-employment tax (15.3%) plus income tax at your marginal rate.

What expenses can I deduct?

Business expenses directly related to your gig: mileage, supplies, equipment, software, home office (if dedicated space), phone (business %), and professional services.

Why is my tax rate so high on gig income?

Because gig income is taxed at your marginal rate (on top of your W-2 income) AND you pay both halves of Social Security/Medicare (15.3% SE tax). A $10,000 side hustle in the 22% bracket costs about $3,500 in total taxes.

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