Self-Employment Tax Calculator
Self-Employment Tax Calculator
Estimate your self-employment taxes, including FICA and Medicare.
What This Number Means
Your self-employment tax estimate is only one piece of your tax picture. Before you plan around it, consider:
How much of your net earnings go to Social Security and Medicare
Whether the additional Medicare tax applies to you
How the employer-equivalent deduction lowers your taxable income
Whether an entity change could reduce this exposure
How this number affects your quarterly estimated payments
How to Use This Calculator
1
Enter net self-employment income: Input your net profit from self-employment or your business.
2
Confirm other wages: Add any W-2 wages, since they affect the Social Security wage base.
3
Review the breakdown: See the Social Security and Medicare portions calculated separately.
4
Check the deduction: See the deductible portion of self-employment tax that lowers your income.
DISTINCT TAX
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