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Self-Employment Tax

Estimates tax and contributions owed on self-employed income.

Interactive inputs coming — use the formula and example below.

Przykład

Set aside a share of each payment for tax.

Jak używać

  • Use the formula below with your own figures.

Wzór

Tax applies to net self-employed profit.

Przykład

Set aside a share of each payment for tax.

Częste pytania

Why set money aside?

No employer withholds it for you.

Deduct expenses?

Yes — tax applies to profit, not revenue.

Wskazówki

  • Know your marginal vs effective rate.
  • Set money aside as you earn if tax isn't withheld.
  • Keep receipts for anything deductible.

Pojęcia

Marginal rate
The rate on your top slice of income.
Effective rate
Your overall average tax rate.
Deduction
An amount subtracted from taxable income.