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Glossary

Self-Employment Tax

The Social Security and Medicare tax paid by the self-employed.

Self-employment tax covers both the employee and employer halves of Social Security and Medicare — 15.3% on most net earnings — because there's no employer to split it.

Half of the self-employment tax is deductible against income tax.

Put it into practiceTry the Self-Employment Tax Calculator (US 2025)Run your own numbers in seconds — free and private.

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