Self-Employment Tax Calculator (2025 & 2026)
Estimate Social Security, Medicare and federal income tax on self-employment income for 2025 or 2026, with the wage-base cap and your filing status.
Your Results
Self-employment tax for 2026: $8,478
• Social Security, 12.4% on $55,410 — capped at the $184,500 wage base, less any W-2 wages: $6,871
• Medicare, 2.9% on $55,410 (92.35% of net income): $1,607
• Additional Medicare, 0.9% on combined earnings above $200,000: $0
• Half of the SE tax you can deduct from income: $4,239
Estimated federal income tax: $4,511 — on $39,661 of taxable income after a $16,100 deduction
Total federal tax: $12,989
Suggested quarterly estimate: $3,247
Effective rate: 21.60% of $60,000 total income
Uses the 2026 brackets, standard deduction and Social Security wage base. Leaves out tax credits, state tax and the 20% qualified business income deduction most sole proprietors can also take, so your income tax may be lower than shown. This is an estimate, not tax advice — use Form 1040-ES or a tax professional to set your actual payments.