Self-Employment Tax Calculator
Freelancers and 1099 contractors pay an extra 15.3% self-employment tax (Social Security + Medicare) that W-2 employees split with their employer. Enter your net self-employment income to see your total tax burden by state.
Total Tax
$25,260
29.72% effective
Take Home
$59,740
after all taxes
Quarterly Payment
$6,315
estimated
Tax Breakdown
Net Self-Employment Income$85,000
Self-Employment Tax (15.3%)
$12,010Social Security: $9,734 + Medicare: $2,276
Federal Income Tax$8,692
California State Tax (5.36%)$4,558
Total Tax$25,260
Simplified estimate. Does not include standard deduction, itemized deductions, additional Medicare tax on income over $200K, or state-specific deductions. QBI deduction (20%) applied. Consult a tax professional for exact numbers.