Quickly calculate your Social Security and Medicare taxes as a freelancer or independent contractor.
Calculations are based on 2026 self-employment tax rates (15.3%) and simplified state income taxes. Estimates are for informational purposes only.
Self-employment tax includes Social Security and Medicare contributions for freelancers and independent contractors. The current rate is 15.3%.
Yes. Legitimate business expenses reduce your net income and overall self-employment tax.
State income tax depends on your resident state. Some states like Texas and Florida have no personal income tax.
If you expect to owe $1,000 or more, quarterly estimated payments are required.
This calculator provides estimates based on 2026 SE tax rates and simplified state rates, but it does not replace professional tax advice.
Calculate full annual tax liability including federal and state taxes.
Plan your quarterly estimated payments and avoid penalties.
Specialized calculator for Uber, Lyft & other rideshare drivers to estimate income, expenses, and deductions.