Self-Employment Tax Calculator
Estimate your self-employment tax for 2024, including Social Security, Medicare, and the Additional Medicare Tax.
Your Information
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Results
Total Self-Employment Tax
$0.00
Taxable SE Base (92.35%)
$0.00
92.35% of net SE income
Social Security Tax (12.4%)
$0.00
Up to $168,600.00 wage base
Medicare Tax (2.9%)
$0.00
Additional Medicare Tax (0.9%)
$0.00
Over $200,000.00 threshold (Single)
Deductible Half of SE Tax
$0.00
Deduct on Form 1040, Schedule 1
Quarterly Estimated Payments: Self-employed individuals typically need to make quarterly estimated tax payments to avoid underpayment penalties.