United States Self-Employed Tax — Frequently Asked Questions
Find answers to the most common questions about self-employed tax in United States. From allowable expenses to filing deadlines, we cover the essentials every freelancer and sole trader needs to know.
What’s the difference between the plans?
Free gives you 5 pages with a single AI engine — great for trying it out. Pro is a monthly subscription with 50 pages/month, dual AI cross-verification, unlimited sessions, quarterly tax estimates, state tax calculation, full export options, an AI Tax Assistant, and a 14-day free trial.
How does the Free plan work?
Sign up and get 5 pages to process, completely free with no credit card required. It’s a great way to see how the tool works before committing.
How are pages counted?
Each page of a PDF bank statement counts as one page. A 12-page bank statement uses 12 pages from your allowance.
What is the quarterly estimate feature?
After calculating your federal tax and SE Tax, AnyDayAnyTax tells you exactly how much to pay per quarter via Form 1040-ES — including the Safe Harbor minimum to avoid IRS underpayment penalties.
What is Self-Employment Tax (SE Tax)?
SE Tax is the combined Social Security (12.4%) and Medicare (2.9%) tax — totaling 15.3% — applied to 92.35% of your net self-employment income. You pay both the employee and employer portions. You can deduct half of SE Tax from your AGI before calculating federal income tax.
Can I use this to file my tax return?
AnyDayAnyTax is a tax calculation and preparation tool, not a filing tool. You can use it to understand your Schedule C figures, then file your Form 1040 through IRS Free File, TurboTax, or your accountant.
Is my financial data secure?
Absolutely. We use a privacy-first approach: your bank statement data is processed and returned immediately, with no server-side storage by default. All data stays in your browser and is cleared when you close the tab. If you choose to save a session, it is stored securely in our encrypted database
What tax year does the calculator support?
We support the 2024, 2025, and 2026 US tax years (calendar year: January 1 to December 31) with accurate IRS federal income tax rates, standard deduction, and SE Tax calculations.