Accounting & Tax
Self-Employment Tax Calculator
Self-employment tax funds Social Security (12.4%) and Medicare (2.9%), totaling 15.3% — but only on 92.35% of your net earnings. You can also deduct half of SE tax from your income taxes.
SE Tax Breakdown
Net Self-Employment Income
SE Tax Base (× 92.35%)
Social Security 12.4%Medicare 2.9%
Social Security Tax (12.4%)
Medicare Tax (2.9%)
Total SE Tax (15.3%)
½ SE Tax Deduction (from income tax)
Effective Rate on Gross