New Design Not working For You?

If the new page layout is not working for you, please Contact Me and let me know what device, operating system, and web browser (with version numbers) you are using so I can attempt to get the layout working for your setup.

About the Redesign

If you visited this site prior to September 15th, 2018, you've no doubt noticed that I've since launched a complete redesign of the website.

If you're not happy with the new design, I sincerely apologize. I would have preferred to keep the old desktop design, but considering the majority of my site's users are now accessing the site from small-screen, touch-enabled, mobile devices, and considering Google is now penalizing websites for not being mobile/thumb friendly, I was left with no choice but to switch to a responsive, mobile-first design.

The good news is that now that I have combined the three separate versions of the site (mobile, desktop, and ad-free member) into a single design, this will free up a ton of my time for working to make the mobile-optimized calculators more desktop/laptop friendly. In fact, some of the redesigned calculators already offer a desktop-optimized form that becomes visible when you increase the width setting of the calculator (within the "Calculator Preferences" expandable panel).

Thank you in advance for your help and patience as I work to improve the redesign.

-Dan

Calculator Preferences
Self-Employment Tax Calculator Sign

Self-Employment Tax Calculator

This calculator will estimate your medicare and social security taxes from the profits you expect to generate from your business. The calculator includes a built-in tool for annualizing non-annual profit figures, and includes a completed Self-Employment Tax and Deduction Worksheet in the results. The Learn tab includes:

  • What is self-employment tax?
  • What is the SE tax rate?
  • A small consolation.
Learn More

Selected Data Record:

A Data Record is a set of calculator entries that are stored in your web browser's Local Storage. If a Data Record is currently selected in the "Data" tab, this line will list the name you gave to that data record. If no data record is selected, or you have no entries stored for this calculator, the line will display "None".

DataData recordData recordSelected data record: None
Farm P/L:Net farm P/L:Net farm profit or loss:Net farm profit or loss:
Profit:
Period:
Annual:$0.00

Net farm profits:

Enter your expected net farm profit or loss. Enter as a dollar amount but without the dollar sign or any commas. Or, if you would like to enter a non-annual amount and have the calculator annualize it for you, expand the description in this row to enter the profit amount per selected period.

At the time of filing, this amount would be from Schedule F, line 34, and farm partnerships, Schedule K-1 (Form 1065), box 14, code A.

CRP pmts:CRP payments:CRP payments:CRP payments:

CRP payments:

If you will receive farm income and also receive social security or disability benefits, enter the total of the CRP (Conservation Reserve Program) payments you expect to receive. Enter as a dollar amount but without the dollar sign or any commas.

Net profit:Net profits:Net profits subject to SE tax:Annual net profits subject to SE tax:
Profit:
Period:
Annual:$0.00

Annual profits subject to SE tax:

Enter your expected net profits subject to self-employment tax. Enter as a dollar amount but without the dollar sign or any commas. Or, if you would like to enter a non-annual amount and have the calculator annualize it for you, expand the description in this row to enter the profit amount per selected period.

At the time of filing, this amount would be from Schedule C, line 31; Schedule C-EZ, line3; Schedule K1 (form 1065), box 14, code A (other than farming); Schedule K1 (Form 1065-B), box 9, code J1.

Church inc:Church income:Church employee income:Church employee income:

Church employee income:

If you will receive income as a church employee, enter the total income you expect to receive. Enter as a dollar amount but without the dollar sign or any commas.

At the time of filing, this will be from the Form W-2 you receive from the church.

Wages, tips:Wages & tips:SS wages and tips:Social security wages and tips:

Social security wages and tips:

If you will receive income from wages, tips, and/or railroad retirement (tier 1), enter the total amount you expect to receive. Enter as a dollar amount but without the dollar sign or any commas.

Extra tips:Unreported tips:Unreported tips subject to SS:Unreported tips subject to social security tax:

Unreported tips subject to social security tax:

Enter your expected unreported tips. Enter without dollar sign or any commas.

At this time of filing, this amount will be from Form 4137, line 10.

Extra wages:Unreported wages:Unreported wages subject to SS:Unreported wages subject to social security tax:

Unreported wages subject to social security tax:

Enter your expected unreported wages. Enter without dollar sign or any commas.

At this time of filing, this amount will be from Form 8919, line 10.

Medicare:Medicare tax:Medicare tax:Medicare tax:

Medicare tax:

Based on your entries, this is the estimated medicare taxes you will owe, which is 2.9% of your expected profits.

SS tax:Social security tax:Social security tax:Social security tax:

Social security tax:

Based on your entries, this is the estimated social security taxes you will owe, which is 12.4% of your expected profits (up to a maximum income of $128,400 for 2018).

Tot SE tax:Total SE tax:Total estimated self-employment tax:Total estimated self-employment tax:

Total estimated self-employment tax:

This is the combined total of your medicare and social security taxes, which is 15.3% of your expected annual profits.

SE deduction:SE tax deduction:Self-employment tax deduction:Self-employment tax deduction:

Self-employment tax deduction:

This is the amount that can be used to reduce the amount of taxable income when figuring your total estimated federal taxes for the year. The deduction is equal to 50% of your self-employment tax.

If you would like to save the current entries to the secure database, tap or click on the Data tab, select "New Data Record", give the data record a name, then tap or click the Save button. To save changes to previously saved entries, simply tap the Save button. Please select and "Clear" any data records you no longer need.

Feedback AppreciatedFeedback Greatly AppreciatedYour Feedback Would Be Greatly AppreciatedYour Feedback Is Greatly Appreciated
Heading

Tip

Help and Tools

Help and Tools:

This section, which you can Unstick or Hide in the Calculator Preferences (just above the top of the calculator), contains the following tabs (content too long to fit within bordered frame can be scrolled up and down):

About: Click this tab for an introduction to the calculator.

Instructions: Click this tab for step-by-step instructions for using the calculator.

Terms: Click this tab for a list of the descriptions that are located within each popup help button (info icons).

PCalc: Click this tab for a handy "pocket" calculator you can use when you need to calculate an entry needed for the calculator.

Data: Click this tab to save a set of entries or a note in between visits. Entries and notes will be stored to your web browser's local storage (if supported by your browser of choice), meaning they can only be recalled with the same device and web browser you were using when you saved them. If you'd like to save entries and notes between devices you can do so by subscribing to the Ad-Free Member Version.

 

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