Gig Economy Calculators (2026)

Gig workers are classified as independent contractors (1099-NEC). You pay 15.3% self-employment tax (12.4% Social Security + 2.9% Medicare) on net earnings plus federal income tax. Unlike W-2 employees, taxes are not withheld from your pay — you must make quarterly estimated payments.

The IRS standard mileage rate is $0.67 per business mile for 2026. This covers gas, depreciation, insurance, maintenance, and repairs. A full-time DoorDash driver driving 450 miles/week can deduct ~$15,678 annually, reducing taxable income by over 25%.

Set aside 25-30% of your net earnings (after deductions) for taxes. This covers 15.3% self-employment tax plus federal income tax (10-12% for most gig workers in lower brackets). If you live in a state with income tax, add 3-10% more.

Yes, if you expect to owe $1,000 or more in taxes. Quarterly payments for gig income are due April 15, June 16, September 15, and January 15. Missing deadlines triggers underpayment penalties (~7% annually on the underpaid amount).