Gig-Economy Profit Auditor

Calculate your True Net Profit after platform fees, expenses, and taxes. Designed for 100% privacy—all math happens on your device.

Enter your details to reveal your true net profit

Why is the USA Self-Employment Tax 15.3%?

As an independent contractor (1099 worker) in the United States, you are considered both the employer and the employee. The IRS requires you to pay 12.4% for Social Security and 2.9% for Medicare, totaling 15.3%. Unlike W-2 employees whose employers cover half of this cost, gig economy workers like Uber drivers or Etsy sellers must cover the full amount on their net earnings.

Tax Pro Tip: You only pay self-employment tax on your Net Profit, not your gross income. This is why tracking deductions like gas, internet, and vehicle maintenance in our auditor above is crucial to lowering your tax liability!

Top 3 Ways to Save on Expenses as a Gig Worker

1
Maximize the Standard Mileage Rate
For rideshare and delivery drivers, tracking every business mile can yield a massive deduction. The IRS sets a standard mileage rate (typically over 60 cents per mile) which usually outpaces actual vehicle expenses.
2
Audit Your Subscriptions
If you are an Upwork freelancer, software subscriptions (like Adobe CC or Microsoft 365) are fully deductible if used exclusively for business.
3
Looking for a better rate? Check Mortgage Refinance Options
Many self-employed individuals overpay on their home loans because standard banks miscalculate 1099 income. Specialized lenders can help you consolidate debt or refinance for better cash flow.