Self-Employment Tax Calculator
Estimate your self-employment tax based on income and expenses.
Frequently Asked Questions
What is self-employment tax?
Self-employment tax covers Social Security and Medicare contributions for individuals who work for themselves.
Who has to pay self-employment tax?
Freelancers, gig workers, independent contractors, and small business owners generally need to pay self-employment tax.
Can I deduct business expenses?
Yes, you can deduct allowable business expenses to reduce your net earnings and overall tax bill.
Is this calculator suitable for part-time self-employed individuals?
Yes, this tool works for anyone with self-employed income, regardless of whether it's full-time or part-time.
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