Taxes
Self-Employment Tax Calculator
Calculate the 15.3% Social Security + Medicare tax owed on your 1099 / Schedule C income.
Self-Employment Tax Calculator
Self-employment tax catches a lot of new freelancers off guard. This estimates what you'll owe on top of regular income tax.
Your estimate
Estimated SE tax
$8,478
Social Security portion (12.4%)
$6,871
Medicare portion (2.9%)
$1,607
Deductible half (reduces AGI)
$4,239
You can deduct half of SE tax from your AGI. An S-Corp election may reduce SE tax once net earnings clear roughly $50K–$60K — that's worth modeling.
This is an estimate based on the information you entered. Your actual tax, savings, or cash-flow outcome may differ based on deductions, entity structure, timing, payroll setup, debt terms, investment assumptions, or other factors.
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