Tax Calculator for Self-Employed
Use this free tax calculator for self-employed to estimate self-employment tax and federal income tax on freelance or business profit.
Tax estimate notice: This result is an estimate, not a tax filing or official determination. Tax rules and thresholds change by year and jurisdiction. Verify current rules with the relevant tax authority or a qualified tax professional.
How the tax calculator for self-employed works
SE tax = 15.3% of 92.35% of net profit (12.4% Social Security up to the wage base, 2.9% Medicare). Half of SE tax is deducted before income tax.
Frequently asked questions
Does this include the QBI deduction?
No. Many self-employed people may qualify for a further 20% qualified business income deduction, which would lower the tax.
Results are estimates for general information only. They are not a substitute for professional advice where applicable. Found a mistake? Report an error.