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Self-Employment Tax Calculator

Estimate your Social Security and Medicare tax on self-employment income.

$

Business income minus business expenses.

$

Wages from a job also count toward the Social Security limit.

calculate

Enter your numbers to see your results here.

This tool gives estimates for general information only. It is not tax, legal or financial advice, and 24MAGIC is not a CPA firm. Please check your own situation with a qualified professional.

Make tax time simple

Good estimates start with clean books. We keep your records reconciled and organised every month, so your tax professional has what they need.

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24MAGIC provides bookkeeping, transaction reconciliation, and financial back-office support services for businesses. 24MAGIC is not a Certified Public Accounting (CPA) firm and does not provide licensed public accounting services, including audits, attestations, examinations, reviews, certifications, or any other services requiring CPA licensure.

Our services are designed to support your everyday bookkeeping and financial operations and are not a replacement for professional accounting, tax, financial, or legal advice. 24MAGIC is not affiliated with or governed by the American Institute of Certified Public Accountants (AICPA).

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