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Billable Rate Calculator

Your true minimum hourly rate as a freelancer — accounting for taxes, benefits, overhead, and vacation

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Income Goal

$

= $84,000.00 per year after taxes

Taxes

Self-Employment Tax (15.3%)

Social Security + Medicare — freelancers pay both sides

Benefits & Overhead

$
$
$

Software, equipment, home office, professional development, etc.

Work Schedule

4 weeks off

of ~40 total working hrs

Most freelancers bill 20–30 hrs/week — the rest goes to admin, sales, and non-billable work.

Recommended Billable Rate

$172/hr

Break-even minimum: $137/hr

Includes 25% buffer for revisions, non-billable time, and dry spells

Annual Revenue Breakdown

Gross Revenue Needed$164,317.64
Your Take-Home$84,000.00
Total Taxes (est.)$64,817.64
SE Tax (15.3%)$23,217.34
Federal (22%)$33,384.41
State (5%)$8,215.88
Health Insurance$6,000.00
Retirement Savings$6,500.00
Business Expenses$3,000.00

Billable Hrs / Year

1,200 hrs

Break-Even Rate

$137/hr

Weekly Revenue Target

$3,423.28

Daily Revenue Target

$684.66

Estimates are based on simplified tax math. Actual taxes vary by deductions, filing status, and location. Consult a CPA for tax planning.

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