Self-Employment Tax worksheet

1. 2026 self-employment tax: $8,407.08

1. Subtract your business expenses to get your net profit

   $\mathrm{\$75,000.00}-\mathrm{\$15,500.00}$$=\mathrm{\$59,500.00}$

2. Take 92.35% of your profit, leaving out the employer's half of the tax as employees do

   $\mathrm{\$59,500.00}\times \mathrm{92.35\%}$$=\mathrm{\$54,948.25}$

3. Social Security part: 12.4% of your net earnings, up to the yearly limit

   $\mathrm{\$54,948.25}\times \mathrm{12.4\%}$$=\mathrm{\$6,813.58}$

4. Medicare part: 2.9% of all your net earnings, with no limit

   $\mathrm{\$54,948.25}\times \mathrm{2.9\%}$$=\mathrm{\$1,593.50}$

5. Add the two parts to get your 2026 self-employment tax

   $\mathrm{\$6,813.58}+\mathrm{\$1,593.50}$$=\mathrm{\$8,407.08}$

6. You can deduct half of it, which lowers your income tax

   $\frac{\mathrm{\$8,407.08}}{2}$$=\mathrm{\$4,203.54}$

7. Split it into four, one share for each quarterly estimated payment

   $\frac{\mathrm{\$8,407.08}}{4}$$=\mathrm{\$2,101.77}$

2. 2026 self-employment tax: $7,488.66

1. Subtract your business expenses to get your net profit

   $\mathrm{\$65,000.00}-\mathrm{\$12,000.00}$$=\mathrm{\$53,000.00}$

2. Take 92.35% of your profit, leaving out the employer's half of the tax as employees do

   $\mathrm{\$53,000.00}\times \mathrm{92.35\%}$$=\mathrm{\$48,945.50}$

3. Social Security part: 12.4% of your net earnings, up to the yearly limit

   $\mathrm{\$48,945.50}\times \mathrm{12.4\%}$$=\mathrm{\$6,069.24}$

4. Medicare part: 2.9% of all your net earnings, with no limit

   $\mathrm{\$48,945.50}\times \mathrm{2.9\%}$$=\mathrm{\$1,419.42}$

5. Add the two parts to get your 2026 self-employment tax

   $\mathrm{\$6,069.24}+\mathrm{\$1,419.42}$$=\mathrm{\$7,488.66}$

6. You can deduct half of it, which lowers your income tax

   $\frac{\mathrm{\$7,488.66}}{2}$$=\mathrm{\$3,744.33}$

7. Split it into four, one share for each quarterly estimated payment

   $\frac{\mathrm{\$7,488.66}}{4}$$=\mathrm{\$1,872.17}$

3. 2026 self-employment tax: $7,347.37

1. Subtract your business expenses to get your net profit

   $\mathrm{\$69,000.00}-\mathrm{\$17,000.00}$$=\mathrm{\$52,000.00}$

2. Take 92.35% of your profit, leaving out the employer's half of the tax as employees do

   $\mathrm{\$52,000.00}\times \mathrm{92.35\%}$$=\mathrm{\$48,022.00}$

3. Social Security part: 12.4% of your net earnings, up to the yearly limit

   $\mathrm{\$48,022.00}\times \mathrm{12.4\%}$$=\mathrm{\$5,954.73}$

4. Medicare part: 2.9% of all your net earnings, with no limit

   $\mathrm{\$48,022.00}\times \mathrm{2.9\%}$$=\mathrm{\$1,392.64}$

5. Add the two parts to get your 2026 self-employment tax

   $\mathrm{\$5,954.73}+\mathrm{\$1,392.64}$$=\mathrm{\$7,347.37}$

6. You can deduct half of it, which lowers your income tax

   $\frac{\mathrm{\$7,347.37}}{2}$$=\mathrm{\$3,673.68}$

7. Split it into four, one share for each quarterly estimated payment

   $\frac{\mathrm{\$7,347.37}}{4}$$=\mathrm{\$1,836.84}$

4. 2026 self-employment tax: $10,173.28

1. Subtract your business expenses to get your net profit

   $\mathrm{\$90,000.00}-\mathrm{\$18,000.00}$$=\mathrm{\$72,000.00}$

2. Take 92.35% of your profit, leaving out the employer's half of the tax as employees do

   $\mathrm{\$72,000.00}\times \mathrm{92.35\%}$$=\mathrm{\$66,492.00}$

3. Social Security part: 12.4% of your net earnings, up to the yearly limit

   $\mathrm{\$66,492.00}\times \mathrm{12.4\%}$$=\mathrm{\$8,245.01}$

4. Medicare part: 2.9% of all your net earnings, with no limit

   $\mathrm{\$66,492.00}\times \mathrm{2.9\%}$$=\mathrm{\$1,928.27}$

5. Add the two parts to get your 2026 self-employment tax

   $\mathrm{\$8,245.01}+\mathrm{\$1,928.27}$$=\mathrm{\$10,173.28}$

6. You can deduct half of it, which lowers your income tax

   $\frac{\mathrm{\$10,173.28}}{2}$$=\mathrm{\$5,086.64}$

7. Split it into four, one share for each quarterly estimated payment

   $\frac{\mathrm{\$10,173.28}}{4}$$=\mathrm{\$2,543.32}$

5. 2026 self-employment tax: $7,700.60

1. Subtract your business expenses to get your net profit

   $\mathrm{\$67,500.00}-\mathrm{\$13,000.00}$$=\mathrm{\$54,500.00}$

2. Take 92.35% of your profit, leaving out the employer's half of the tax as employees do

   $\mathrm{\$54,500.00}\times \mathrm{92.35\%}$$=\mathrm{\$50,330.75}$

3. Social Security part: 12.4% of your net earnings, up to the yearly limit

   $\mathrm{\$50,330.75}\times \mathrm{12.4\%}$$=\mathrm{\$6,241.01}$

4. Medicare part: 2.9% of all your net earnings, with no limit

   $\mathrm{\$50,330.75}\times \mathrm{2.9\%}$$=\mathrm{\$1,459.59}$

5. Add the two parts to get your 2026 self-employment tax

   $\mathrm{\$6,241.01}+\mathrm{\$1,459.59}$$=\mathrm{\$7,700.60}$

6. You can deduct half of it, which lowers your income tax

   $\frac{\mathrm{\$7,700.60}}{2}$$=\mathrm{\$3,850.30}$

7. Split it into four, one share for each quarterly estimated payment

   $\frac{\mathrm{\$7,700.60}}{4}$$=\mathrm{\$1,925.15}$

6. 2026 self-employment tax: $5,934.41

1. Subtract your business expenses to get your net profit

   $\mathrm{\$60,000.00}-\mathrm{\$18,000.00}$$=\mathrm{\$42,000.00}$

2. Take 92.35% of your profit, leaving out the employer's half of the tax as employees do

   $\mathrm{\$42,000.00}\times \mathrm{92.35\%}$$=\mathrm{\$38,787.00}$

3. Social Security part: 12.4% of your net earnings, up to the yearly limit

   $\mathrm{\$38,787.00}\times \mathrm{12.4\%}$$=\mathrm{\$4,809.59}$

4. Medicare part: 2.9% of all your net earnings, with no limit

   $\mathrm{\$38,787.00}\times \mathrm{2.9\%}$$=\mathrm{\$1,124.82}$

5. Add the two parts to get your 2026 self-employment tax

   $\mathrm{\$4,809.59}+\mathrm{\$1,124.82}$$=\mathrm{\$5,934.41}$

6. You can deduct half of it, which lowers your income tax

   $\frac{\mathrm{\$5,934.41}}{2}$$=\mathrm{\$2,967.21}$

7. Split it into four, one share for each quarterly estimated payment

   $\frac{\mathrm{\$5,934.41}}{4}$$=\mathrm{\$1,483.60}$

7. 2026 self-employment tax: $12,434.00

1. Subtract your business expenses to get your net profit

   $\mathrm{\$110,000.00}-\mathrm{\$22,000.00}$$=\mathrm{\$88,000.00}$

2. Take 92.35% of your profit, leaving out the employer's half of the tax as employees do

   $\mathrm{\$88,000.00}\times \mathrm{92.35\%}$$=\mathrm{\$81,268.00}$

3. Social Security part: 12.4% of your net earnings, up to the yearly limit

   $\mathrm{\$81,268.00}\times \mathrm{12.4\%}$$=\mathrm{\$10,077.23}$

4. Medicare part: 2.9% of all your net earnings, with no limit

   $\mathrm{\$81,268.00}\times \mathrm{2.9\%}$$=\mathrm{\$2,356.77}$

5. Add the two parts to get your 2026 self-employment tax

   $\mathrm{\$10,077.23}+\mathrm{\$2,356.77}$$=\mathrm{\$12,434.00}$

6. You can deduct half of it, which lowers your income tax

   $\frac{\mathrm{\$12,434.00}}{2}$$=\mathrm{\$6,217.00}$

7. Split it into four, one share for each quarterly estimated payment

   $\frac{\mathrm{\$12,434.00}}{4}$$=\mathrm{\$3,108.50}$

8. 2026 self-employment tax: $10,455.87

1. Subtract your business expenses to get your net profit

   $\mathrm{\$90,000.00}-\mathrm{\$16,000.00}$$=\mathrm{\$74,000.00}$

2. Take 92.35% of your profit, leaving out the employer's half of the tax as employees do

   $\mathrm{\$74,000.00}\times \mathrm{92.35\%}$$=\mathrm{\$68,339.00}$

3. Social Security part: 12.4% of your net earnings, up to the yearly limit

   $\mathrm{\$68,339.00}\times \mathrm{12.4\%}$$=\mathrm{\$8,474.04}$

4. Medicare part: 2.9% of all your net earnings, with no limit

   $\mathrm{\$68,339.00}\times \mathrm{2.9\%}$$=\mathrm{\$1,981.83}$

5. Add the two parts to get your 2026 self-employment tax

   $\mathrm{\$8,474.04}+\mathrm{\$1,981.83}$$=\mathrm{\$10,455.87}$

6. You can deduct half of it, which lowers your income tax

   $\frac{\mathrm{\$10,455.87}}{2}$$=\mathrm{\$5,227.93}$

7. Split it into four, one share for each quarterly estimated payment

   $\frac{\mathrm{\$10,455.87}}{4}$$=\mathrm{\$2,613.97}$

9. 2026 self-employment tax: $8,195.14

1. Subtract your business expenses to get your net profit

   $\mathrm{\$70,000.00}-\mathrm{\$12,000.00}$$=\mathrm{\$58,000.00}$

2. Take 92.35% of your profit, leaving out the employer's half of the tax as employees do

   $\mathrm{\$58,000.00}\times \mathrm{92.35\%}$$=\mathrm{\$53,563.00}$

3. Social Security part: 12.4% of your net earnings, up to the yearly limit

   $\mathrm{\$53,563.00}\times \mathrm{12.4\%}$$=\mathrm{\$6,641.81}$

4. Medicare part: 2.9% of all your net earnings, with no limit

   $\mathrm{\$53,563.00}\times \mathrm{2.9\%}$$=\mathrm{\$1,553.33}$

5. Add the two parts to get your 2026 self-employment tax

   $\mathrm{\$6,641.81}+\mathrm{\$1,553.33}$$=\mathrm{\$8,195.14}$

6. You can deduct half of it, which lowers your income tax

   $\frac{\mathrm{\$8,195.14}}{2}$$=\mathrm{\$4,097.57}$

7. Split it into four, one share for each quarterly estimated payment

   $\frac{\mathrm{\$8,195.14}}{4}$$=\mathrm{\$2,048.78}$

10. 2026 self-employment tax: $9,042.91

1. Subtract your business expenses to get your net profit

   $\mathrm{\$75,000.00}-\mathrm{\$11,000.00}$$=\mathrm{\$64,000.00}$

2. Take 92.35% of your profit, leaving out the employer's half of the tax as employees do

   $\mathrm{\$64,000.00}\times \mathrm{92.35\%}$$=\mathrm{\$59,104.00}$

3. Social Security part: 12.4% of your net earnings, up to the yearly limit

   $\mathrm{\$59,104.00}\times \mathrm{12.4\%}$$=\mathrm{\$7,328.90}$

4. Medicare part: 2.9% of all your net earnings, with no limit

   $\mathrm{\$59,104.00}\times \mathrm{2.9\%}$$=\mathrm{\$1,714.02}$

5. Add the two parts to get your 2026 self-employment tax

   $\mathrm{\$7,328.90}+\mathrm{\$1,714.02}$$=\mathrm{\$9,042.91}$

6. You can deduct half of it, which lowers your income tax

   $\frac{\mathrm{\$9,042.91}}{2}$$=\mathrm{\$4,521.46}$

7. Split it into four, one share for each quarterly estimated payment

   $\frac{\mathrm{\$9,042.91}}{4}$$=\mathrm{\$2,260.73}$