Holdback: 1099 Tax Calculator

The 1099 tax calculator for freelancers, contractors, and gig workers: know how much estimated tax to set aside from every payment, and what quarterly tax to pay the IRS. Self-employed? No one is taking taxes out for you. Holdback works out the share of every payment you should move to a tax savings account, and the four quarterly estimated payments to send the IRS, then reminds you before each deadline. How it works - Set your filing status, state, and roughly what you expect to earn. - Log each payment as you get paid. Holdback tells you the dollar amount to set aside, rounded up so you're never short. - See your running total, your effective rate, and what's due next quarter. What it covers - Federal self-employment tax and income tax, the standard deduction, and a conservative QBI deduction - The No Tax on Tips and No Tax on Overtime deductions, with a daily tip log and a year-end statement to substantiate them - State income tax for most states (flat and graduated) - Safe-harbor math so you can pay the smaller allowed amount - A year-end summary you can hand to your accountant Built to respect your data - Your income stays on your device. Cloud backup is optional. - No bank connections. No ads. No selling your data. Free: your set-aside rate, the quarterly plan, and the calculator. Holdback Plus: payment tracking, deadline reminders, year-end export, and encrypted backup. Official sources Holdback follows published IRS rules. Check the originals: - Estimated taxes: https://www.irs.gov/businesses/small-businesses-self-employed/estimated-taxes - Form 1040-ES: https://www.irs.gov/forms-pubs/about-form-1040-es - Publication 505: https://www.irs.gov/publications/p505 - Self-employment tax: https://www.irs.gov/businesses/small-businesses-self-employed/self-employment-tax-social-security-and-medicare-taxes - State tax agencies: https://www.usa.gov/state-taxes Holdback is an independent app from Petalform LLC. It is not affiliated with, endorsed by, or acting for the IRS or any government agency. It gives estimates, not tax advice, and never files returns. Always confirm with a tax professional. Terms of Use (EULA): https://ankit013002.github.io/holdback-support/terms Privacy Policy: https://ankit013002.github.io/holdback-support/privacy