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.
The Self-Employed Tax Estimator (Federal US) is an essential tool for freelancers, independent contractors, and small business owners to estimate their federal tax obligations. Self-employed individuals face unique tax responsibilities, including income tax and self-employment tax, which covers Social Security and Medicare contributions.
This estimator allows you to input your net income, deductions, and filing status to calculate an estimated tax liability. It factors in both income tax rates and the self-employment tax rate, providing a comprehensive overview of your total federal tax burden.
Using the Self-Employed Tax Estimator helps you plan quarterly estimated tax payments, avoid underpayment penalties, and manage cash flow effectively. It simplifies complex calculations and makes tax planning more accessible, especially for those new to self-employment.
Whether you work as a freelancer, consultant, or run a small business, this tool supports better financial planning and tax compliance by giving you a clear picture of what you owe to the IRS.
Start using the Self-Employed Tax Estimator today to estimate your federal tax liability accurately and stay ahead in your tax planning.