Use this calculator to estimate your self-employment taxes for 2013. Normally these taxes are withheld by your employer. However, if you are self-employed, operate a farm or are a church employee you may owe self-employment taxes. This calculator uses 2013 tax tables and should not be used for estimating 2012 self-employment taxes. Please note that the 2013 self-employment tax is 12.4% for the FICA portion and 2.9% for Medicare.
Information and interactive calculators are made available to you as self-help tools for your independent use and are not intended to provide investment advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.