Individuals who are self-employed will find this calculator to be an invaluable tool. To
determine the amount of self-employment taxes you owe, enter the number in the appropriate field. Please note that SE income tax is currently 15.3% for FICA, on the first $132,900 of net income plus 2.9% on the net income in excess of $132,900. The Medicare portion is 1.45%.
Information and interactive calculators are made available to you as self-help tools for your independent use and are not intended to provide investment advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
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