Contract Rate Calculator

Most "salary to hourly" tools just divide by 2080. This one accounts for what your employer actually pays for you (benefits, employer FICA) and what you have to cover yourself as a contractor (self-employment tax, healthcare, retirement, business overhead, bench time).

What this tool does

• Three rate variants: naive, benefits-equivalent, W-2 contract, 1099 / Corp-to-Corp
• Self-employment tax with the 2024 SS wage base and additional Medicare
• Utilization rate so a 70-85% billable year matches reality
• Daily, weekly, monthly equivalents and a transparent breakdown

contracting consulting salary taxes 1099 freelance

About Help Toolz

Help Toolz is a collection of free browser tools that solve real problems without signup walls, ad-stuffed listicles, or affiliate-link articles. Every tool runs entirely in your browser — your inputs never leave your device.

Learn more about the project · Privacy policy · Terms of service · Contact

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