Free Financial Tool

Sole Trader Tax Calculator

Take the guesswork out of your finances. SoloTax is designed to give independent workers, sole traders, and freelancers immediate clarity on their tax obligations. No sign-up required — just enter your numbers and see your estimated take-home pay. Figures are planning estimates, not professional tax advice.

Start calculating Optimize expenses

Built for the way sole traders work

Enter your gross income, choose your region, and instantly see your estimated tax liability, statutory deductions, effective rate, and take-home pay. The calculator supports the US, UK, Canada, Australia, and Jamaica with current 2026 tax brackets.

  • Free to use, no sign-up required
  • Multi-region support across five currencies
  • USD uses verified 2026 US brackets; other regions are estimates
  • USD estimates exclude state/local taxes, credits, QBI, and Additional Medicare Tax

Expense preset amounts are illustrative sample inputs, not statutory allowances; actual deductible business-use expenses vary. Take-home pay is an estimate, not an exact figure.

Learn how to lower your bill in our education center or get the latest updates on the blog.