Skip to content

The tax

The number, and whether the money is there.

Not a worksheet. Self-employment tax, your state where it is modelled and the rate you type where it is not, your withholding, the four payments as a schedule, and the reserve judged against a real account.

The estimate that knows your job

Self-employment tax on 92.35% of the profit, half of it deducted back. Wages fill the brackets first. Social Security on the business stops at the wage base less what the job used. Withholding counts toward safe harbor.

  • W-2 wages fill the brackets first

  • Business profit on top

  • Social Security stops at the base

Four payments, with amounts

A quarter of the lesser of 90% of this year and the safe harbor, each date, after withholding. Recorded per quarter; where to pay.

Q1
Q2
Q3Q3
Q4Q4

Q3 Sep 15

$3,075.84

5 days

Reserve

Covered

Safe to draw

$7,036.85

Is the tax money there

Name the account you keep it in. Owed so far against what it holds, and the share of each deposit to set aside.

Tax reserve

Covered

$8,216

owed so far

$8,900

in the account

14%

set aside

14% of each business deposit is tax on this year’s figures.

What can move to personal today

Business cash, less the reserve gap, less the charges the ledger already knows are coming.

Safe to draw today

$7,036.85

$7,336

in the business

$0

reserve short

$300

due in 30 days

Mileage that can be defended

Date, miles, destination and purpose per trip, the IRS mileage log rules in Pub. 463; undefended miles never reach the deduction, and the gap is priced.

Client site, Fairport84 mi
Meridian Bank36 mi
no destination52 mi

Undefended miles never reach the deduction.

Contractors and 1099s

Line 11 back into payees, the $2,000 threshold for 2026, W-9 marks, a file for January.

Maya Chen Design$4,6111099W-9
Jordan Reyes$1,500underW-9

A 1099-NEC at $2,000, by January 31.

Retirement and health, in the estimate

SEP-IRA and Solo 401(k) room on this year's figures; premiums, the home office and the qualified business income deduction come off where the return puts them.

Solo 401(k)$33,645 left
SEP-IRA$9,145 left

Saving about $5,888 at your marginal rate.

January as a list

W-9s, 1099s, receipts over the line, the mileage log, basis, the retirement deadline; each line points at the panel that clears it.

Pay the next quarter
Collect a W-9 from every contractor
Issue 1099-NECs by January 31
Attach receipts over $75
Fund the retirement plan

Getting started

Connect one account. The rest is arithmetic on your own rows.

Get started