| Keyword | CPC | PCC | Volume | Score | Length of keyword |
|---|---|---|---|---|---|
| calculating self employment taxes 2021 | 1.59 | 0.8 | 4504 | 34 | 38 |
| calculating | 0.52 | 1 | 8717 | 14 | 11 |
| self | 1.87 | 0.8 | 7334 | 89 | 4 |
| employment | 0.88 | 0.1 | 9877 | 85 | 10 |
| taxes | 1.26 | 0.2 | 7506 | 45 | 5 |
| 2021 | 1.22 | 0.3 | 7801 | 84 | 4 |
| Keyword | CPC | PCC | Volume | Score |
|---|---|---|---|---|
| calculating self employment taxes 2021 | 1.68 | 0.9 | 6012 | 52 |
| calculating self employment tax 2021 | 0.04 | 0.4 | 4116 | 94 |
The self-employment tax rate is 15.3%, with 12.4% of that amount covering your Social Security tax and 2.9% covering your Medicare tax. Once your income is higher than $142,800 (for 2021) you are no longer required to pay the Social Security portion of the tax and your tax rate drops to the 2.9% necessary to cover the Medicare tax you must still pay.
How much will your self employment tax be?The self-employment tax rate is 15.3% and it covers two separate taxes: 12.4% goes to Social Security and 2.9% goes toward Medicare. Normally, an employee only has to pay half of these taxes (7.65%) in the form of FICA tax, and their employer pays the remaining half.
