Self-employment tax calculator (1099)
Updated
Freelancers and 1099 contractors pay both halves of Social Security and Medicare, plus income tax. Enter your net profit (income minus business expenses) to estimate your 2026 total and quarterly payments.
- Self-employment tax (15.3%)
- $8,478$6,871 Social Security + $1,607 Medicare
- Federal income tax
- $3,559
- State income tax
- $0
- Deduction for half of SE tax
- $4,239
- QBI deduction (20%)
- $7,932
- Take-home after all taxes
- $47,963
- Set aside from each $1 earned
- $0.20
Quarterly estimates are due Apr 15, Jun 15, Sep 15 and Jan 15. Figures exclude W-2 withholding already paid and other credits.
Self-employment taxes by profit (single, Texas)
| Net profit | SE tax | Federal income tax | Total | Quarterly |
|---|---|---|---|---|
| $20,000 | $2,826 | $199 | $3,025 | $756 |
| $40,000 | $5,652 | $1,775 | $7,427 | $1,857 |
| $60,000 | $8,478 | $3,559 | $12,037 | $3,009 |
| $80,000 | $11,304 | $5,344 | $16,647 | $4,162 |
| $100,000 | $14,130 | $8,235 | $22,365 | $5,591 |
| $150,000 | $21,194 | $16,413 | $37,608 | $9,402 |
| $200,000 | $28,234 | $25,196 | $53,431 | $13,358 |
Frequently asked questions
What is the self-employment tax rate for 2026?
15.3% on 92.35% of net profit: 12.4% Social Security (up to $184,500 combined with any W-2 wages) and 2.9% Medicare, plus 0.9% above $200,000.
How much should I set aside for taxes as a 1099 worker?
Typically 25–35% of profit, depending on your bracket and state. The calculator shows your exact share per dollar.
When are quarterly estimated taxes due?
April 15, June 15, September 15 and January 15 of the following year.
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Estimates for information only — not tax, legal or financial advice.