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How much should you set aside for taxes?

Plug in your gig income and miles. We'll estimate your 2026 federal + state + self-employment tax — and how much to save each month so April doesn't sting.

Last updated: 2026-04-29 · 2026 tax year
Your income

Quick inputs

Combined across all gig platforms — Uber, DoorDash, Lyft, Instacart, Amazon Flex, GrubHub, Shipt, Spark.
Most full-time drivers log 20K–35K miles/year. The 2026 IRS standard mileage rate is $0.70/mile — biggest deduction you'll take.
Business-use portion of phone, hotspot, dashboard mounts, masks, insulated bags, etc. Keep receipts.
Approximate effective state income tax rate for a gig-worker filer. Your exact rate depends on the state and bracket.
Estimates only. Real federal tax depends on bracket transitions, credits, deductions, other income, retirement contributions, and a dozen other factors. Confirm with a CPA or with TurboTax / FreeTaxUSA before filing.
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Your 2026 tax picture

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2026 quarterly tax dates

Pay quarterly online at irs.gov/payments/direct-pay. Underpaying triggers a small interest penalty — usually $50–$200 for typical gig incomes — but you won't go to jail.

Frequently asked

How much should I save for taxes as a gig worker?

Most gig drivers should save 25–30% of their net gig earnings (after the mileage deduction). Use this calculator for your personal number. The biggest variable is the mileage deduction — at $0.70/mile in 2026, a driver logging 30K miles deducts $21,000, which can drop net income (and tax) by 50%+.

What is the IRS standard mileage rate for 2026?

$0.70 per business mile. You log a mile when you're driving for a delivery, en route to a delivery, or driving home from your last delivery (limited). Apps like Stride, Hurdlr, and Gridwise auto-track. Manually reconstructing miles after the fact rarely catches everything — track all year.

Do I really need to pay quarterly?

If you expect to owe $1,000+ in federal tax for the year, yes. Skipping quarterly payments and paying everything in April triggers an underpayment penalty (about 8% APR on the unpaid balance, prorated by quarter). For most full-time drivers that's $100–$300 in avoidable penalty.

Can I deduct gas and maintenance instead of mileage?

Only if you use the "actual expense" method. You pick one method (standard mileage OR actual expense) and stick with it. The standard mileage rate ($0.70/mile in 2026) bundles gas, maintenance, depreciation, and insurance — and almost always wins for gig drivers because it's simpler and usually larger. You cannot use both.

What about self-employment tax?

15.3% of your net self-employment earnings (Social Security 12.4% + Medicare 2.9%). Half of it is deductible on your federal return. This calculator includes SE tax in the federal estimate.

Do I need to track tips separately?

Tips reported on your 1099 are already in your gig income. Cash tips not reported on the 1099 are still taxable and you should add them to "Total 1099 gig income" above. The IRS does not have a special "gig tip" exemption.