FinanceInstant
Self-Employment Tax Calculator
Calculate the 15.3% SE tax for freelancers and contractors. Includes the deductible employer-equivalent portion calculation.
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How to use Self-Employment Tax Calculator
Calculate the Social Security and Medicare taxes required for independent contractors and small business owners.
- 1Enter your net self-employment income.
- 2The tool automatically applies the 92.35% multiplier for taxable SE income.
- 3See your total Social Security and Medicare taxes.
Common Use Cases
Pro Tips
Frequently Asked Questions
The rate is 15.3%, consisting of 12.4% for Social Security and 2.9% for Medicare.
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