Note: If your “Tax Due or Refund” number is positive, that’s what you still owe.
If it’s negative, that’s your expected refund.

Explanation: The federal tax rate is the percentage of your income owed to the IRS. It’s separate from your state tax rate and depends on your income level and filing status (single, married, etc.). Most freelancers fall between 15%–22%, depending on total earnings.

Here’s a simplified 2025 example for single filers (these brackets are updated annually):

Income Range	Federal Tax Rate
$0 – $11,600	10%
$11,601 – $47,150	12%
$47,151 – $100,525	22%
$100,526 – $191,950	24%
$191,951 – $243,725	32%
$243,726 – $609,350	35%
Over $609,351	37%

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