Self-Employed Tax Calculator
Calculate your self-employment taxes including SE tax, federal income tax, and quarterly estimates.
Your Business Income
$
Revenue minus business expenses
Enter your net business profit to see tax breakdown
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Self-Employment Tax Explained
Self-employed individuals pay a 15.3% self-employment tax (12.4% Social Security + 2.9% Medicare) on 92.35% of their net earnings. You can deduct half of this SE tax from your taxable income.
You're also required to make quarterly estimated tax payments if you expect to owe $1,000 or more in taxes. People often search "self-employed tax calculator" or "how much tax do I owe as a freelancer."
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