How to Calculate Self-Employment Tax in 2026 (Step-by-Step)
If you’re self-employed, self-employment tax is generally a separate federal tax in addition to regular income tax. For many freelancers, it is calculated by applying the 12.4% Social Security and 2.9% Medicare rates to 92.35% of net self-employment profit—not gross revenue. The Social Security portion is capped, W-2 wages can reduce how much of your self-employment … Leer más
