Annual Income Calculator
Add all your income sources — salary, freelance, investments, rental — and get your total gross and estimated net income.
Understanding Your Annual Income
Annual income is the total amount of money you earn in a year from all sources. For salaried workers, it's straightforward — but many people have multiple streams: a day job, freelance projects, rental properties, dividends, and side businesses. Tracking your total income is essential for budgeting, tax planning, and financial goal-setting.
This calculator helps you add all income streams with their respective frequencies (hourly, daily, weekly, monthly, or annual) and converts everything to a single annual total — plus a simplified tax estimate so you can plan your take-home pay.
Employment Income
Your primary W-2 or salaried income. Includes base salary, guaranteed bonuses, commissions, and employer-paid allowances. Federal and state taxes are withheld automatically, but you may need to adjust withholding if you have multiple jobs.
Freelance & Self-Employment
Income from contracting, consulting, gig work, or running a business. You receive the full gross amount but must pay self-employment tax (~15.3%) plus income tax. Set aside 25–30% of freelance income for taxes.
Rental Income
Net rental income (rent received minus allowable expenses like mortgage interest, repairs, depreciation) is taxed as ordinary income. Rental properties can generate tax losses through depreciation, making them popular investment vehicles.
Investment Income
Dividends, interest, and capital gains. Qualified dividends and long-term capital gains (assets held >1 year) are taxed at lower rates (0%, 15%, or 20%) than ordinary income. Short-term gains are taxed as regular income.