1099 Tax Calculator

Estimate your self-employment tax, quarterly payments, and total tax liability as an independent contractor — based on 2026 IRS rates.

1099 Tax FAQs

What is the self-employment tax rate?
Self-employment tax is 15.3% on the first $168,600 of net earnings (2026), covering Social Security (12.4%) and Medicare (2.9%).
Can I deduct half of self-employment tax?
Yes. You can deduct 50% of your self-employment tax from your gross income when calculating your adjusted gross income.
What is a Schedule C?
Schedule C is the IRS form independent contractors use to report business income and deduct business expenses. You file it with your Form 1040.