Estimate tax, Medicare, and usable income from freelance work.

A clean annual estimate for personal freelance income, with deductible expenses and optional super set-aside included.

Financial year: 2025–26Australian resident only

Estimated net usable income

$79,932.00

Net usable income = gross annual income - deductible expenses - estimated income tax - estimated Medicare levy - optional super.

Does not include personal living costs.

Annual outputs

Gross annual income$104,000.00

Deductible expenses$0.00

Taxable income$104,000.00

Estimated income tax$21,988.00

Estimated Medicare levy$2,080.00

Optional super set-aside$0.00

Total estimated set-aside$24,068.00

Estimate only. Not PAYG withholding.

Tax depends on your total annual taxable income.

Medicare uses a simplified estimate and may differ at low incomes or in special cases.

Assumptions & exclusions

FY 2025–26 resident rates.

For sole trader or other personal freelance income earned directly by an individual.

Not for companies, trusts, partnerships, employees, or labour-hire arrangements.

GST excluded.

Company tax excluded.

Offsets excluded.

HELP, MLS, PAYG withholding, and PSI rules excluded.

Under-18 and other special tax treatments excluded.

Inputs

Gross freelance income (GST-exclusive where applicable)

Weekly income is annualised as weekly amount × 52. Enter a GST-exclusive average where applicable.

Income frequency

Deductible annual business expenses (GST-exclusive where applicable)

Enter deductible annual business expenses only. Private, mixed-use, capital, or non-deductible costs are outside this tool.

Optional super set-aside