๐Ÿ“Š Universal ยท Calculator #100

How Much Do You Actually Owe the IRS?

Enter your net self-employment income and see your full tax picture โ€” SE tax, income tax, total liability, and the exact quarterly payment you should be setting aside.

How to use this calculator

  1. Enter Net self-employment income (annual)
  2. Enter Filing status
  3. Enter Spouse / other household income (optional)
  4. See Quarterly estimated payment update instantly
Your Numbers
$
Revenue minus business expenses you've already deducted. This is your profit, not your gross revenue.
$
Leave at 0 if you're the only earner. Affects income tax bracket calculation.
Your Tax Picture
โ€”
Quarterly estimated payment
โ€”SE tax (15.3%)
โ€”Est. income tax
Enter your net income to see what you owe.
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About This Calculator

Self-employed tradespeople pay both the employee and employer sides of Social Security and Medicare โ€” 15.3% on net earnings โ€” plus federal income tax on top. This calculator estimates your total annual tax liability and breaks it into quarterly estimated payments so you're not hit with a surprise bill in April. Enter your net self-employment income, filing status, and other household income to get your quarterly payment estimate.

The full system

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