Freelance Rate Calculator

Calculate your ideal hourly rate

How to Use

1

Enter desired annual income

Input what you want to earn annually after expenses.

2

Set tax rate

Enter estimated self-employment tax rate (typically 25-35%).

3

Add annual expenses

Include business expenses like software, insurance, equipment.

4

Set billable hours

Enter realistic billable hours per week (account for admin, marketing).

Frequently Asked Questions

What expenses should I factor in?

Include health insurance, retirement savings, equipment, software, office space, professional development, and business insurance.

How much should I set aside for taxes?

Self-employed individuals typically set aside 25-35% for taxes (income tax + self-employment tax of 15.3%).

What is a realistic billable hours percentage?

Most freelancers are billable 60-70% of their working time. The rest goes to admin, marketing, and business development.

How do I handle project-based pricing?

Estimate hours needed, multiply by your hourly rate, then add a buffer (10-20%) for scope creep and revisions.

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