Freelance
Freelance tax set-aside: the 30% that stops being a surprise
The classic freelancer tax disaster is a bill you knew about and did not fund. The tax set-aside habit fixes it mechanically: a percentage of every payment moves to a tax bucket immediately, scheduled on the calendar, and the quarterly bill is already there.
- Set aside per payment
A percentage transfers to the tax bucket the day income lands.
- Quarterly dates in view
The calendar marks estimated tax deadlines and the bucket's balance.
- The bucket is separate
Tracked as its own fund — spending money never touches it.
- Shortfall warning
See months ahead if the bucket will fall short of the estimate.
Pick your percentage
A common starting point is 25–30% of each payment for self-employed taxes — income tax plus self-employment tax. Set it as a recurring transfer attached to each income item, and the bucket fills itself. Adjust with your accountant when your bracket changes.
The set-aside rhythm
- Add the tax bucket as a savings goal with a target.
- Attach a percentage transfer to each recurring income item.
- Mark estimated payment dates on the calendar.
- Pay the quarterly bill from the bucket — funded in advance.
Frequently asked questions
How much should freelancers set aside for tax?
Typically 25–30% of each payment — income tax plus self-employment tax. Confirm the number with an accountant.
When do I pay self-employed taxes?
Quarterly — estimated tax deadlines are the calendar markers the bucket funds.
Is it free?
Yes — goals and recurring transfers are free forever.
The bill, funded before it arrives
Free core, one-time Pro, no bank linking.