Advertisement

Advertisement banner

Advertisement

Advertisement banner

Advertisement

Advertisement banner
Current TopicsHow to calculate self employment tax: US...
R

| Updated on February 23, 2026 | news-current-topics

How to calculate self employment tax: US Freelancer help?

1 Answers
P

@priyaaagrawal7249 | Posted on February 23, 2026

To calculate your 2026 self-employment tax, follow these four steps:

  • Find Net Profit: Subtract business expenses from gross income (Schedule C).  
  • Apply 92.35% Multiplier: Multiply net profit by 0.9235 to find taxable earnings.  
  • Calculate 15.3% Tax: Multiply that result by 0.153.  
  • Wage Cap Check: Only the first $184,500 is subject to the 12.4% Social Security portion. 

Freelancer

0 Comments