Gig Economy Tax Calculator
Tax Year 2025
Gig Economy Tax Calculator
Calculate your tax obligations as an independent contractor or gig worker for tax year 2025.
- ✓Calculate self-employment tax obligations
- ✓Estimate federal and state income taxes
- ✓Plan quarterly estimated tax payments
- ✓Track business expense deductions
Gig Economy Tax Basics
As an independent contractor, you're responsible for paying both income tax and self-employment tax. This includes Social Security and Medicare taxes that would normally be split with an employer.
Common Business Expenses
- • Vehicle expenses (mileage or actual costs)
- • Phone and data plan costs
- • Delivery bags and equipment
- • Parking fees and tolls
- • Professional development and training
Quarterly Payments
If you expect to owe $1,000 or more in taxes, you should make quarterly estimated payments. Due dates are typically January 15, April 15, June 15, and September 15.
Record Keeping Tips
- • Track all business-related expenses
- • Keep receipts and documentation
- • Log business mileage daily
- • Separate business and personal expenses
- • Consider using expense tracking apps
Important Deadlines
- • Q1 2025: January 15, 2025
- • Q2 2025: April 15, 2025
- • Q3 2025: June 16, 2025
- • Q4 2025: September 15, 2025
- • Annual Return: April 15, 2026