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QuickCalcMoney

Editorial Policy & Calculator Methodology

How QuickCalcMoney sources its numbers and how each calculator works. Last reviewed October 22, 2026.

Our editorial standards

Every figure used by a calculator comes from an official government source and is stored in a single configuration, so the calculators and the written examples on each page always use the same numbers. We review the configuration when the IRS or SSA publishes new figures and whenever a reader reports a problem. Examples in our articles are generated from the same code as the calculators, so they cannot drift apart. We do not accept payment to change a calculation or a recommendation.

Where the numbers come from

How the 1099 and gig platform calculators work

The 1099 calculator, the Multi-Platform calculator and the DoorDash, Uber, Lyft, Instacart and Etsy calculators all use the same engine. The platform pages only change the labels, defaults and examples, and the Multi-Platform calculator adds up income from several apps and a single combined mileage total before running the same steps. It also supports the head of household filing status.

  1. Mileage deduction = business miles × $0.76 per mile.
  2. Net profit (Schedule C) = gross earnings − mileage deduction − other expenses, never below zero.
  3. Self-employment tax = 15.3% × 92.35% of net profit. The Social Security part (12.4%) stops at the wage base and the Medicare part (2.9%) does not. A further 0.9% applies above $200,000 for single filers ($250,000 married filing jointly). No self-employment tax is charged when net earnings are under $400.
  4. Adjusted income = net profit − half of the self-employment tax.
  5. Federal income tax = the 2026 brackets applied to adjusted income − standard deduction − QBI deduction. The QBI deduction is 20% of qualified business income, limited to 20% of taxable income before the deduction, and can be switched off on the 1099 calculator.
  6. State income tax = a flat approximate effective rate for the state you pick, applied to adjusted income.
  7. Quarterly set-aside = (self-employment tax + federal tax + state tax) ÷ 4. Quarterly input amounts are multiplied by 4 first.
  8. Net take-home = gross earnings − mileage deduction − other expenses − total tax.

2026 figures used

Standard deductions: single $16,100, married filing jointly $32,200, head of household $24,150. Social Security wage base: $184,500. Brackets by filing status:

Single

RateTaxable income overUp to
10%$0$12,400
12%$12,400$50,400
22%$50,400$105,700
24%$105,700$201,775
32%$201,775$256,225
35%$256,225$640,600
37%$640,600and above

Married filing jointly

RateTaxable income overUp to
10%$0$24,800
12%$24,800$100,800
22%$100,800$211,400
24%$211,400$403,550
32%$403,550$512,450
35%$512,450$768,700
37%$768,700and above

Head of household

RateTaxable income overUp to
10%$0$17,700
12%$17,700$67,450
22%$67,450$105,700
24%$105,700$201,750
32%$201,750$256,200
35%$256,200$640,600
37%$640,600and above

Head of household brackets are used only by the Paycheck Calculator.

Other calculators

The Paycheck Calculator applies the same brackets and FICA rules to an annual salary, subtracting traditional 401(k) contributions and pre-tax health premiums, with a flat state tax rate you enter. The Quarterly Estimated Tax Deadline Calculator runs the same self-employment and income tax steps on your expected net profit, divides the total by four, applies the 90%, 100% and 110% safe-harbor tests and counts down to the next IRS deadline from your device's clock. The Mileage Deduction Calculator multiplies your first-half miles by 72.5¢ and your second-half miles by 76¢, then compares your tax with and without the deduction. The Hourly to Salary Calculator multiplies your hourly rate by hours and weeks worked, adds overtime at your chosen multiplier and applies a flat tax rate you choose for the after-tax view.

Assumptions and limitations

Update schedule and change log

We update the tax tables once a year when the IRS and SSA publish new figures, and the mileage rate whenever the IRS changes it.

Corrections

If you believe a figure or formula is wrong, send us the details. We review every report, and when we confirm a mistake we correct the calculator and note the change here.

This page describes educational estimates and is not tax advice. See our terms.