Tax Tools
Self-Employment Tax Calculator
Model directional self-employment tax exposure for owners, consultants, and professionals with net self-employment earnings.
Input Panel
Assumptions & Disclaimer
- Simplified federal self-employment tax estimate only.
- Does not determine entity structure, reasonable compensation, retirement planning, or deductions.
- Additional Medicare surtax is reserved for a future expanded model.
These tools provide preliminary estimates for informational purposes only and do not constitute tax, accounting, legal, investment, or financial advice. Results may vary based on facts, elections, deductions, credits, state and local rules, entity structure, financing terms, and other considerations. Consult Covault or another qualified advisor before making decisions based on these estimates.
Results Panel
Taxable SE earnings
$110,820
Social Security portion
$13,742
Medicare portion
$3,214
Estimated SE tax
$16,955
Deductible half
$8,478
Advisory Review
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Future Enhancements
TODO: add PDF export, saved scenarios, client portal integration, CRM/email integration, AI-assisted explanation of results, state tax calculations, multi-year tax planning, and QBO/client data integration.