Self-Employment Tax Calculator
Calculate 2026 self-employment tax including Social Security, Medicare, and potential S-Corp savings.
Business Details
Affects Social Security wage base limit
Self-Employment Tax Breakdown
Net Income$$80000.00
SE Tax Base (92.35%)$$73880.00
Social Security (12.4%)$$9161.12
Up to $$176100 wage base
Medicare (2.9%)$$2142.52
No income limit
Total Self-Employment Tax$$11303.64
Deductible Half (50%)-$$5651.82
Reduces income tax
Tax Summary
Effective SE Rate
14.13%
SE Tax Paid
$$11303.64
Estimated Total Tax
$$23251.82
SS Wage Base (2026)
$$176100
Consider S-Corporation Status
At $$80000.00 net income, S-Corp election could save ~$$3391.0919999999996/year. S-Corp owners pay FICA on salary only, not distributions. Requires: reasonable salary, payroll setup, quarterly filings. Consult tax advisor for suitability.
SE Tax Rates (2026)
Social Security: 12.4% (employee 6.2% + employer 6.2%) up to $176,100 wage base. Medicare: 2.9% (1.45% + 1.45%) no limit. Additional Medicare: 0.9% over $200K single/$250K married. SE tax = 15.3% of 92.35% of net income. Deduct half on Schedule SE.
Payment Schedule
Pay quarterly via estimated taxes (Form 1040-ES): April 15, June 15, September 15, January 15. Each payment = (income tax + SE tax) / 4. Underpayment penalty if owe $1,000+ at year end. Safe harbor: pay 100% of last year's tax (110% if AGI over $150K).