Taxes
Self-Employment Tax Estimator
Estimate Social Security and Medicare tax on self-employment income.
Your numbers
Self-employment tax-
Taxable base (92.35%)-
Deductible half-
How it works
Self-employment tax covers Social Security (12.4%, up to a wage cap) and Medicare (2.9%) on 92.35% of your net earnings. Half of it is deductible on your return.
SE tax = 15.3% of 92.35% of net income
Estimates only, for education. See our disclaimer.