Self-Employment Tax Calculator
Estimate your 2026 self-employment tax (the 15.3% Social Security + Medicare you owe as a freelancer or contractor).
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Frequently Asked Questions
What is the self-employment tax rate for 2026?
15.3% — 12.4% Social Security (on up to $184,500 of net earnings) plus 2.9% Medicare. It applies to 92.35% of your net profit.
Can I deduct self-employment tax?
Yes. You can deduct half of your self-employment tax from your income when figuring federal income tax.
Who has to pay self-employment tax?
Freelancers, independent contractors and sole proprietors with $400 or more of net self-employment income.