1099 Tax Calculator
Self-employment tax + federal + state income tax on your 1099 income, 2026.
Frequently asked questions
How much tax do you pay on 1099 income?
On 1099 income you owe 15.3% self-employment tax (Social Security + Medicare) on your net profit, plus federal income tax at your bracket and any state income tax. A common rule of thumb is to set aside 25-30% of your net 1099 income for taxes.
What deductions can 1099 contractors take?
You can deduct ordinary and necessary business expenses - home office, mileage, supplies, software, phone, health insurance, and the deductible half of your self-employment tax - to lower your taxable net profit before tax is figured.
Do I need to pay quarterly estimated taxes on 1099 income?
Usually yes. If you expect to owe $1,000 or more, the IRS wants quarterly estimated payments (April, June, September, January). This calculator's total divided by four is a rough quarterly estimate.
What is the self-employment tax rate for 2026?
15.3% - that is 12.4% Social Security on net earnings up to the wage base plus 2.9% Medicare with no cap. You deduct half of it as an above-the-line adjustment.
Just need the SE tax piece? Use the self-employment tax calculator.