Taxorly AI Tax Advisor
Answered June 4, 2026
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As a self-employed individual, you're required to pay self-employment (SE) tax on your net earnings from self-employment. For 2026, the SE tax rate is 15.3% of your net earnings, which includes 12.4% for Social Security and 2.9% for Medicare. You'll report your SE tax on Schedule SE (Form 1040).
To calculate your SE tax, you'll first need to calculate your net earnings from self-employment, which is typically 92.35% of your gross earnings from self-employment. For example, if you have $100,000 in gross earnings, your net earnings would be $92,350. You'd then multiply this amount by 15.3% to get your SE tax, which would be $14,139.55.
Try our Self-Employment Tax Calculator at taxorly.com/self-employment-tax-calculator
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