Use this calculator to estimate your self-employment taxes. Normally these taxes are withheld by your employer. However, if you are self-employed, operate a farm or are a church employee you may owe self-employment taxes. Please note that the self-employment tax is 12.4% for the FICA portion and 2.9% for Medicare.
KJE Computer Solutions, LLC's information and interactive calculators are made
available to you as self-help tools for your independent use and are not
intended to provide investment advice. We cannot and do not guarantee their
applicability or accuracy in regards to your individual circumstances. All
examples are hypothetical and are for illustrative purposes. We encourage you
to seek personalized advice from qualified professionals regarding all personal
finance issues. More