What's take-home pay for self-employed individuals

Take-home pay is your remaining money after you subtract all of your expenses, including benefits and taxes. It's also known as your "net pay."  Basically, it's how much you actually make after you account for overhead and costs.

Calculate your take-home pay

Here's a basic calculation. First, add your total income (also known as "gross income") and deductible expenses:

(Total self-employed income + deductible expenses)

Then subtract your business expenses and estimated tax payments:

(Total self-employed income + deductible expenses) - (non-deductible business expenses) - (estimated tax payments) = take-home pay