Self-Employment Tax Calculator
US-SpecificCalculate US self-employment Social Security and Medicare tax
Total Self-Employment Tax
$8477.73
Social Security (12.4%)
$6870.84
Medicare (2.9%)
$1606.89
Deductible Half (reduces income tax)
$4238.86
Based on 15.3% SE tax (12.4% Social Security up to the annual wage base + 2.9% Medicare) applied to 92.35% of net profit, per current IRS rules. This is separate from regular income tax. Not tax advice — consult a tax professional.
What is this tool?
Estimates self-employment tax (Social Security and Medicare contributions) for freelancers and independent contractors in the US, who pay both the employee and employer portions themselves.
How to use it
Enter your estimated net self-employment income, and the calculator estimates your self-employment tax liability based on current rates.
Self-employment tax is separate from income tax — this covers only the Social Security/Medicare portion, so budget for income tax on top of this estimate, not instead of it.
Next: Income Tax Calculator
Estimate federal income tax on top of that
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