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Taxorly AI Tax Advisor
Answered June 4, 2026
For 2026, the self-employment (SE) tax rate is 15.3% of your net earnings from self-employment. This includes 12.4% for Social Security and 2.9% for Medicare. However, you can deduct half of your SE tax as a business expense on your tax return.
Let's say you have $100,000 in net earnings from self-employment. Your SE tax would be $15,300 (15.3% of $100,000). You can deduct $7,650 (half of $15,300) as a business expense, reducing your taxable income.
Keep in mind that you'll also need to pay federal income tax on your net earnings from self-employment. Try our Self-Employment Tax Calculator at taxorly.com/self-employment-tax-calculator.
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