1099 Tax Calculator
1099 Self-Employment Tax Estimator
Estimate total tax liability for 1099 / freelance income
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Formula
Total Tax = SE Tax (15.3% of 92.35% of net income) + Federal Income Tax + State Tax
Frequently Asked Questions
How much tax does a 1099 worker pay?
1099 workers pay self-employment tax of 15.3% (12.4% Social Security + 2.9% Medicare) on net earnings, plus federal and state income tax. The total effective rate is typically 25-40% depending on income.
What is the self-employment tax deduction?
You can deduct 50% of your self-employment tax from your adjusted gross income. This reduces your income tax but not your SE tax itself.
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