ClearYear/Calculators

Self-employed

Self-Employment Tax Calculator

Estimate Social Security and Medicare tax on net self-employment profit.

Use this for

  • freelancers
  • sole proprietors
  • side hustles
SE tax base$87,733
Estimated SE tax$13,423
Approx. deductible half$6,712
Profit after SE tax$81,577

This simplified estimate does not apply the Social Security wage base cap.

Quick facts

Keep the estimate grounded.

SE tax is separate from federal income tax.

A 92.35% adjustment applies before the SE tax rate.

The Social Security wage base can affect exact results.