Our free Entrepreneur's Take-Home Paycheck Calculator helps you understand your take-home pay after accounting for self-employment taxes and business expenses. Designed for freelancers, consultants, and small business owners, this tool provides a clear breakdown of how gross revenue turns into net income.
Enter your monthly revenue, select your business structure, and itemize your expenses to see detailed line items for federal, state, and payroll taxes. Make informed financial decisions and plan your budget with confidence.
Use the sliders below to see how changes to your revenue and expenses can impact your take-home pay in real time.
Adjust the sliders to see your projected results.
Enter your last 12 months of financial data to see your annual totals, average take-home pay, and projections.
| Month | Revenue | Expenses |
|---|
Self-Employment Tax consists of Social Security (12.4% up to the annual cap) and Medicare (2.9% on all net income). We apply the standard 92.35% adjustment to your net business income to determine the taxable portion.
For S-Corporations and C-Corporations, only your owner's salary is subject to payroll taxes (FICA, federal, and state), while remaining profit is retained earnings you can reinvest.
Note: Tax rates and brackets are estimates for 2025 and should be used for planning purposes only. Consult a tax professional for personalized advice.
Feeling overwhelmed? Check out our recommended bookkeeping software for entrepreneurs.
Disclaimer: This tool provides estimates only and should not be considered professional financial or tax advice.