Gig Worker Profit & Rate Calculator 

How much should you set aside for gig taxes?

Gig workers should set aside roughly 25-30% of their net earnings for taxes, utilizing calculators like 1-800Accountant or Hurdlr to estimate payments. Taxes are based on net profit (gross earnings minus expenses/mileage), not total deposits. Use the 2026 standard mileage rate of 70 cents to 72.5 cents per mile to significantly reduce taxable income.  

Calculating your 1099 income as a Gig Worker.

Understanding your true profit means subtracting your business mileage and expenses from your total deposits. Our tool helps you visualize this impact instantly. 

Step 1: Set Your Target Income – Enter the amount of money you want to take home each month after all expenses.

Step 2: Account for Expenses – Input your monthly business costs, such as fuel, vehicle maintenance, and insurance.

Step 3: Estimate Your Hours – Enter the number of hours you plan to work per month.

Step 4: Review Your Hourly Rate – The calculator will automatically show you the gross hourly rate you need to charge to meet your goals.