Loan Lyze

US federal · Tax year 2026

Self-Employed Tax Calculator

Estimate federal income tax, Social Security and Medicare self-employment tax, Additional Medicare Tax, and a basic quarterly planning amount.

Rules reviewed November 7, 2026 · Educational estimate

2026 federal estimate

Enter expected annual amounts

Schedule C/F or partnership income before the SE tax deduction.

Your own W-2 wages; used to apply the Social Security wage base.

Spouse wages and other ordinary taxable income for the income-tax estimate.

Medicare wages for you and spouse, used only for Additional Medicare Tax.

Eligible health insurance, retirement, HSA, or other above-the-line deductions.

Enter only if independently determined; eligibility and limits are not calculated here.

Estimated federal taxes

Total estimated federal tax

$20,559

Before credits, withholding, and payments.

Quarterly planning amount

$5,140

Simple one-fourth estimate, not a safe-harbor calculation.

Self-employment tax

$12,010

Effective estimated rate

24.2%

Net earnings subject to SE rules$78,498
Social Security portion$9,734
Medicare portion$2,276
Additional Medicare Tax$0
Deduction for half of SE tax$6,005
Adjusted gross income$78,995
2026 standard deduction$16,100
Estimated taxable income$62,895
Federal income tax$8,549
This planning estimate excludes credits, itemized deductions, state and local taxes, underpayment rules, and many special tax provisions. Do not use it as a prepared return.

How the 2026 estimate works

The calculator follows the IRS 2026 estimated self-employment tax worksheet: 92.35% of net profit becomes net earnings, the Social Security portion is limited by the $184,500 combined wage base, and Medicare applies without that wage cap. Half of regular self-employment tax is deducted when estimating adjusted gross income.

Net earnings = Net profit × 92.35%

SE tax = Social Security portion + Medicare portion

Taxable income = AGI − standard deduction − entered QBI deduction

Official 2026 sources

What this estimate excludes

  • Tax credits, itemized deductions, capital gains rates, alternative minimum tax, net investment income tax, and state or local taxes.
  • Automatic QBI, retirement-plan, health-insurance, home-office, depreciation, or business-expense eligibility calculations.
  • Special Schedule SE methods, multiple self-employed spouses, church income, farm optional methods, fiscal-year rules, or nonresident tax treatment.
  • Estimated-payment safe harbors, withholding already paid, penalties, and payment scheduling.

Frequently asked questions

What is self-employment tax?

Self-employment tax generally covers Social Security and Medicare taxes for people who work for themselves. It is separate from federal income tax.

Why is only 92.35% of profit used?

The 2026 IRS estimated-tax worksheet multiplies expected self-employment income by 92.35% to determine net earnings for the self-employment tax calculation.

Does this calculate the QBI deduction?

No. Qualified business income eligibility and limitations can be complex. The calculator accepts a QBI deduction amount only when you have determined it separately.

Is the quarterly amount what I must pay?

Not necessarily. It is one-fourth of the estimated annual total and does not apply prior-year safe harbors, withholding, payment dates, or annualized-income rules.