Self employment tax calculator
Your profit in. Your quarterly number out.
OpenPenalty calculator
See what late filing and late paying add.
OpenWhy it matters
Consultants are usually self employed. See our self employed guide.
If you have your own company, see our small business guide.
A tax pro can help.
- Self employment tax is 15.3%: 12.4% for Social Security and 2.9% for Medicare. No boss pays half for you.
- You generally must pay estimated tax if you expect to owe $1,000 or more when you file.
- A home office deduction needs a part of your home that you use only for the business, on a regular basis.
What a tax pro may ask you
Have these ready. Clear answers help a tax firm see what fits you.
- Which tax years you have not filed
- The notice code in the top right corner of any IRS letter
Common questions
Can a tax pro stop IRS collection?
They can ask the IRS for a payment plan, a hold, penalty relief or an offer, based on your facts. Results depend on your situation. Not every case qualifies.
Ways to get help
Offer in compromise: Ask the IRS to take less than you owe. Hard to get.Payment plan: Pay what you owe a little each month.Not collectible: The IRS pauses collection while money is too tight.What happens if I owe the IRS and can't pay?What happens if I owe back taxes?I owe the IRS money. What do I do first?
Results depend on your situation. Not every case qualifies.





