US Self-Employment Tax Calculator
Quickly estimate your US self-employment tax, including Social Security and Medicare portions, with our online calculator for freelancers and small business owners.
Self-Employment Information
Self-Employment Tax Results
Total Self-Employment Tax
$7,650.00
Social Security Tax
$6,200.00
Medicare Tax
$1,450.00
Deductible Portion (50% of SE Tax)
$3,825.00
Typically deductible on Form 1040 (above-the-line)
Understanding Self-Employment Tax
Self-employed individuals pay both the employee and employer portions of Social Security and Medicare taxes. This is why the self-employment tax rate is higher than the rate for W-2 employees.
Half of your self-employment tax is typically deductible on Form 1040 as an above-the-line deduction, which can help reduce your adjusted gross income.