Self-Employed Tax Estimator (Federal US)
Estimate your federal Self-Employment Tax (Social Security & Medicare) based on your estimated annual net earnings.
Disclaimer: This tool estimates Self-Employment Tax ONLY. It does NOT calculate federal or state income tax or the additional Medicare tax. Consult a tax professional or use tax software for accurate calculations.
Your Estimated Earnings
This is your estimated gross income minus your deductible business expenses.
Ensure Social Security wage base data for the selected year is accurate in the script code.
Self-Employment Tax Estimation Results (Tax Year )
Inputs Used:
Estimated Annual Net Earnings:
Tax Year:
Calculations:
Amount Subject to Self-Employment Tax (Net Earnings * 0.9235):
Estimated Social Security Tax (up to wage base):
Estimated Medicare Tax:
Total Estimated Self-Employment Tax:
Estimated Deductible Portion of SE Tax (one-half):
Note: Self-Employment tax rates used are 12.4% for Social Security and 2.9% for Medicare.