Net self-employment profitincome − business expenses
/ yr
Filing status

Quarterly estimated tax payment

$4,708

$18,832 a year · 23.5% of your profit

  • Social Security (12.4%)$9,161.12
  • Medicare (2.9%)$2,142.52
  • Income tax$7,526.56

You'd owe more than $1,000. Increasing withholding (Form W-4) or paying quarterly estimates can avoid an underpayment penalty.

Self-employment tax
$11,304
Deductible half
$5,652
Income tax
$7,527
Total federal tax
$18,830

Quarterly due dates: April 15, June 15, September 15 and January 15. Excludes the 20% QBI deduction, which can lower income tax for many sole proprietors.

Per quarter$4,708

Estimates for education, not financial advice.Self-employment tax calculator by Numlight ↗