What is FreelanceTaxBuddy?
Don't get slapped with a tax bill, know what to set aside. Get accurate tax estimates for freelancers and 1099 contractors. Free 1099 tax calculator with AI-powered tips.
Problem
Freelancers and 1099 contractors struggle to estimate tax obligations accurately, relying on time-consuming manual calculations or generic tax software. This leads to unexpected tax bills and inadequate savings.
Solution
A AI-powered 1099 tax estimator tool that calculates federal and state taxes, deductions, and recommends savings. Users input income/expenses to receive instant estimates and personalized tax tips (e.g., quarterly payment tracking, deductible expenses).
Customers
Freelancers, independent contractors, and gig workers (ages 25-45, self-employed, variable income) managing complex tax filings independently.
Unique Features
Specializes in freelance/1099 tax scenarios, provides real-time updates on tax law changes, and offers AI-driven expense categorization for optimal deductions.
User Comments
Saves hours on tax calculations
Tailored to freelance income
Helps avoid underpayment penalties
Free and easy to use
Actionable tax-saving tips
Traction
Launched on Product Hunt (ranked #1 in Taxes category), 500+ upvotes, over 10,000 users as of 2024
Market Size
The US freelance workforce reached 64.6 million in 2023 (Upwork), with the global tax software market projected to hit $12.4 billion by 2028 (Mordor Intelligence).
