๐Ÿ’ธ Taxes

Self-Employment Tax Calculator

Estimate your Social Security and Medicare tax liability as an independent contractor or small business owner. Remember, this is in addition to your standard income tax.

Business Income

Enter your net profit from self-employment.

$
Total revenue before any expenses are deducted.
$
Total deductible expenses (software, equipment, travel, etc).

Tax Rates (2026 Estimates)

Capped at the annual wage base limit ($176,100).
Applied to all net earnings.
Estimated Self-Employment Tax
$0

This is for Social Security & Medicare only. It does not include income tax.

๐Ÿ“Š
Net Business Profit
$0
โœ‚๏ธ
Tax Deduction (Half SE Tax)
$0

Tax Breakdown

Net Profit (Gross - Expenses): $0
Subject to SE Tax (92.35%): $0
Social Security Tax (12.4%): $0
Medicare Tax (2.9%): $0
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Sarah Collins, CFPยฎ

Reviewed by Sarah Collins, CFPยฎ

Sarah is a Certified Financial Planner with over 10 years of experience helping families optimize their debt, savings, and investments. All MintlyHub calculators and guides are reviewed by our financial team for mathematical accuracy and fiduciary integrity.