Self-Employment Tax Calculator

Estimate your self-employment tax amount and deductible portion.

Self-Employment Tax

$8,477.73

Taxable Self-Employment Income

$55,410.00

Deductible Portion

$4,238.87

Effective Rate

14.13%

What Is the Self-Employment Tax Calculator?

Calculate self-employment tax, estimated quarterly payments, and total tax burden for freelancers, 1099 contractors, and gig workers. Includes SE tax, federal income tax, and state taxes for 2026.

How to Use

Using the self-employment tax calculator is simple:

  • Enter your values in the input fields
  • Click the calculate button
  • View your results instantly

Tips

  • Double-check your inputs for accurate results
  • This tool provides estimates - consult a professional for important decisions
  • Save your results for future reference

Frequently Asked Questions

What is self-employment tax?+
Self-employment tax is the Social Security and Medicare tax for self-employed workers. In 2026, the rate is 15.3% of net earnings (12.4% Social Security + 2.9% Medicare). You pay both the employer and employee shares.
How much income is subject to self-employment tax?+
Social Security tax applies to net earnings up to $176,100 (2026). Medicare tax applies to all net earnings. An additional 0.9% Medicare tax applies above $200,000 (single).
Can I deduct self-employment tax?+
Yes. You can deduct the employer-equivalent portion (7.65% of net earnings) as an above-the-line deduction. This reduces your income tax, but not the self-employment tax itself.
Do LLC owners pay self-employment tax?+
Yes, unless you elect S corporation status. A single-member LLC is treated as a disregarded entity — you pay self-employment tax. S corp owners pay FICA tax only on their salary (not distributions), which can save money.

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