Net Profit (revenue minus expenses)
$0
Self-Employment Tax
15.3% on 92.35% of net profit. Social Security portion capped at $176,100 wage base.
$0
Half SE Tax Deduction
You can deduct half of SE tax from your income.
$0
Retirement Contribution Deduction
$0
Self-Employed Health Insurance Deduction
$0
QBI Deduction (20%)
Section 199A deduction on qualified business income.
$0
Taxable Income (after deductions)
$0
Federal Income Tax (before credits)
$0
Child Tax Credit
$2,000 per qualifying dependent under 17.
$0
Federal Income Tax (after credits)
$0
State Income Tax
Based on a simplified state rate.
$0
Recommended Quarterly Payment
$0
401(k) / IRA Deduction
$0
Standard Deduction
Estimated 2026 standard deduction.
$0
Federal Income Tax (before credits)
$0
Child Tax Credit
$2,000 per qualifying dependent under 17.
$0
Federal Income Tax (after credits)
$0
State Income Tax
Based on a simplified state rate.
$0
Effective Tax Rate
Federal plus state tax as a percent of total income.
0%
Federal Tax Already Withheld
$0
This estimate models federal brackets, SE tax with the Social Security wage base cap, QBI deduction (without phaseouts), retirement and HSA contributions, self-employed health insurance, the standard deduction, child tax credit, and a simplified state rate. It does not handle itemized deductions, AMT, additional Medicare or net investment income taxes, state-specific credits and brackets, or your full personal situation. This is not tax advice. Consult a licensed CPA for accurate planning.