Self-Employment Tax Calculator
Calculate your self-employment tax (Social Security and Medicare) instantly. Understand your SE tax liability and plan your quarterly payments.
✅ 2024 tax rates applied
✅ Medicare surtax included
✅ Deductible portion calculated
Self-Employment Tax Calculator
Business Income & Expenses
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How SE Tax Works:
- • 12.4% for Social Security (capped at $168,600)
- • 2.9% for Medicare (no cap)
- • 0.9% additional Medicare over $200k/$250k
- • Applied to 92.35% of net earnings
- • Half is tax deductible
Enter your income to calculate self-employment tax
Ways to Reduce Self-Employment Tax
S-Corporation Election
Convert to S-Corp when income exceeds $60k to save on SE tax through salary/distribution split.
Maximize Deductions
Track all business expenses to reduce net earnings subject to SE tax.
Retirement Contributions
SEP-IRA or Solo 401(k) contributions reduce taxable income but not SE tax.
Health Insurance
Self-employed health insurance deduction reduces income tax but not SE tax.
Need Help Reducing Your SE Tax?
Our CPAs specialize in tax strategies for self-employed professionals. Let us help you keep more of what you earn.