Self-employed income doesn't come with automatic withholding. This tool takes your gross revenue, subtracts business expenses, and applies self-employment, federal, and state taxes so you know how much you actually keep.
Self-Employed Paycheck Calculator
Net profit: 65,000
Self-employment tax (estimated): 0
Half SE tax deduction (built into calculation): 0
Calculation includes self-employment tax (double FICA on 92.35% of net) and the half-SE tax deduction.
What Is a Self Employed Paycheck Calculator?
It converts gross earnings into net take-home pay by subtracting expenses, self-employment tax (15.3%), federal and state income tax, and deductions. Freelancers, contractors, and small business owners can use it to plan cash flow.
Inputs vs Outputs
Required Inputs
| Input | Description |
|---|---|
| Gross Income | Total self-employed revenue before taxes. |
| Business Expenses | Equipment, software, travel, office costs. |
| Tax Filing Status | Single, married, or head of household. |
| State of Residence | Determines state income tax. |
| Pre-Tax Deductions | Retirement contributions, HSA, insurance. |
| Estimated Quarterly Payments | Optional field to include taxes already paid. |
Key Outputs
| Output | Meaning |
|---|---|
| Net Earnings | Gross income minus expenses. |
| Self-Employment Tax | Social Security + Medicare (15.3%). |
| Federal Income Tax | Based on IRS brackets. |
| State Income Tax | Estimated by state rate. |
| Total Taxes Due | Combined federal + state + SE taxes. |
| Net Take-Home Pay | What you keep after taxes/deductions. |