You don't need to pay self-employment tax on income under $400
The calculations provided should not be considered financial, legal or tax advice. This calculator provides an estimate of the Self-Employment tax (Social Security and Medicare), and does not include income tax on the profits that your business made and any other income. For a more robust calculation, please use QuickBooks Self-Employed.
2018 Self-Employed Tax Calculator
If you receive a Form 1099, you may owe self-employment taxes to the IRS.
Net Self-Employment Income:
Total annual income marked on Form 1099.
Calculate
Self-Employment Tax: $0.00*
$0.00
Medicare Tax
2.9%
$0.00
Social Security Tax
12.4%
Claiming Deductions?
Maximize deductions and minimize taxes with QuickBooks Self-Employed's automated expense tracking.
Paying Quarterly Taxes?
Save time and money by having QuickBooks Self-Employed calculate estimated quarterly taxes for you.
You're Not Done!
In addition to self-employment tax, you may also be subject to income tax, which is even more complicated. But don't worry, QuickBooks Self-Employed can help.