Self-Employment Tax (Schedule SE)

92.35% net-earnings adjustment, Social Security cap, Additional Medicare 0.9%, deductible half.

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Example

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You get

Checked against published worked examples from: IRS Schedule SE (Form 1040).

Details, formula, and sources

Formula or tableNet adjusted = net_se * 0.9235. SS tax = min(net_adjusted, ss_wage_base - w2_ss) * 0.124. Medicare = net_adjusted * 0.029. Additional Medicare = max(0, net_adjusted - max(0, threshold - w2_medicare_wages)) * 0.009 (Form 8959 Part II, lines 8-13). SE tax = sum. Deductible half = (SS + Medicare) / 2.

Source and editionSchedule SE (Form 1040). Social Security wage base from SSA annual wage-base announcement; Additional Medicare 0.9% threshold from IRC 3101(b)(2).

Free accessFree at irs.gov/forms-pubs/about-schedule-se-form-1040; SSA wage base at ssa.gov/oact/cola/cbb.html.

What governsEstimate only. Tax law changes. Confirm with the current IRS publication or a licensed CPA before filing.

API field namesnet_se_earnings, tax_year, filing_status, net_earnings_adjusted, ss_taxable, ss_tax, medicare_tax, se_tax, deductible_half

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