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FAQ
Who needs to pay self-employment tax?
Anyone earning income as a freelancer, contractor, or business owner may need to pay self-employment tax.
What is the self-employment tax rate?
The current self-employment tax rate is generally 15.3%, which includes Social Security and Medicare taxes.
Does this calculator include federal income tax?
This version estimates self-employment tax only and does not include full federal or state income taxes.
Can freelancers use this calculator?
Yes. Freelancers, 1099 contractors, creators, and consultants can use this calculator to estimate taxes.
Learn How Self-Employment Tax Works
Read our simple guide to understand self-employment tax, how it’s calculated, and how freelancers and contractors can reduce their tax burden in the USA.
