Self-Employment Tax Calculator
Calculate self-employment tax (Social Security + Medicare) on freelance or business income.
USD
Self-Employment Tax
$11,304
Social Security (12.4%)$9,161
Medicare (2.9%)$2,143
Deductible Half$5,652
Self-Employment Tax vs Net Self-Employment Income
Formula
## Self-Employment Tax Self-employed individuals pay both the employer and employee portions of FICA taxes. **SE Tax = 92.35% of Net Earnings x 15.3%** - Social Security: 12.4% (up to $168,600 in 2024) - Medicare: 2.9% (no cap) - Additional Medicare: 0.9% on earnings over $200,000 You can deduct half of SE tax from your adjusted gross income.
Exemplo Resolvido
$80,000 net self-employment income.
- 01Taxable base = $80,000 x 92.35% = $73,880
- 02SS = $73,880 x 12.4% = $9,161
- 03Medicare = $73,880 x 2.9% = $2,143
- 04Total SE tax = $11,304
- 05Deductible half = $5,652