Estimate your total 2026 self-employment tax liability and suggested quarterly payments as a 1099 contractor.
Enter Your Details
Your Estimated Tax Liability
—
Self-Employment Tax—
Estimated Income Tax—
Suggested Quarterly Payment—
Formula
SE Tax = 92.35% of net income, taxed at 12.4% Social Security up to the wage base, plus 2.9% Medicare uncapped.
Example
A freelancer with $60,000 net income owes about $8,478 in self-employment tax alone, before income tax.
Not tax or financial advice. This calculator provides general estimates based on published 2026 figures. Always confirm important figures with the IRS, SSA, your state tax agency, a licensed lender, or a qualified professional.
Frequently Asked Questions
What is the self-employment tax rate?
15.3% total, covering both the employee and employer share of Social Security and Medicare.
When are quarterly payments due?
Typically April 15, June 15, September 15, and January 15 of the following year.