Self-Employment Tax Calculator
Use this calculator to estimate your self-employment taxes for 2016. Self-employment taxes cover Social Security and Medicare taxes that, in the case of individuals who work for others, are taken care of through payroll withholding. However, if you are self-employed, operate a farm or are a church employee, you may owe self-employment taxes. This calculator uses 2016 tax tables and should not be used for estimating 2017 self-employment taxes.
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.