Self-Employment Tax Calculator
Self-employment tax is 15.3% for Social Security and Medicare; employees often split these taxes with employers.
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Self-employment tax is similar to but also different from the payroll taxes that people with employers pay. Typically, employees and their employers split the bill on Social Security tax and Medicare tax (i.e., you pay 7.65% and your employer pays 7.65%), but self-employed people pay both halves by themselves.
Self-employment tax calculator
Use our calculator to estimate your potential self-employment tax.
How to use the self-employment tax calculator
To estimate your self-employment tax, you’ll need:
Your net income from self-employment for the period. This is your revenue from self-employment minus your business expenses.
Your tax-filing status. Your filing status, combined with your income, can affect whether you’re subject to additional Medicare taxes.