💼 Self-Employment Tax Calculator
Calculate 1099/freelance taxes for 2024
📊 Business Income
🧾 Tax Breakdown
Net Self-Employment Income
$85,000
Self-Employment Tax
$12,013
Social Security: $10,562 | Medicare: $1,451
SE Tax Deduction (50%)
$6,007
Federal Income Tax
$10,418
Total Tax Burden
$22,431
Effective rate: 26.4%
Take-Home (after taxes)
$62,569