Planning calculator

1099 Net Earnings Estimator

Estimate net self-employment earnings and a simplified self-employment tax reserve.

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Result

Net earnings before tax Not calculated
Simplified SE tax estimate Not calculated

The estimate excludes federal and state income tax, deductions, credits, wage-base limits, additional Medicare tax, and individual circumstances.

Rough planning estimate only. Verify current rules and your situation with a qualified tax professional.

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Method

Formula and inputs

Net earnings = 1099 income − business expenses. Simplified SE tax estimate = positive net earnings × 92.35% × 15.3%.

Include business income and eligible expenses for the same period. This simplified estimate does not account for other wages or annual Social Security limits.

Planning guide

How to use the 1099 net earnings estimator

Worked example

1099 net earnings: calculation example

$90,000 self-employment income less $20,000 expenses gives $70,000 net earnings before tax. The simplified self-employment tax estimate is $70,000 × 92.35% × 15.3%, or about $9,891.

The estimate excludes federal and state income tax, deductions, credits, wage-base limits, additional Medicare tax, and individual circumstances.

Common question

Understand the result

Is this my total tax bill?

No. It omits income tax and other self-employment tax adjustments. Check current IRS guidance and your tax details before estimating what you owe.