| Keyword | CPC | PCC | Volume | Score | Length of keyword |
|---|---|---|---|---|---|
| self employment tax amount 2021 | 0.69 | 0.3 | 2613 | 52 | 31 |
| self | 0.75 | 0.2 | 1755 | 97 | 4 |
| employment | 1.15 | 0.4 | 9664 | 39 | 10 |
| tax | 0.71 | 0.5 | 168 | 9 | 3 |
| amount | 0.25 | 1 | 8335 | 82 | 6 |
| 2021 | 1.42 | 0.5 | 6292 | 65 | 4 |
| Keyword | CPC | PCC | Volume | Score |
|---|---|---|---|---|
| self employment tax amount 2021 | 0.06 | 0.8 | 1417 | 32 |
| self employment tax amount 2022 | 1.21 | 0.5 | 5286 | 66 |
| self employment tax amount 2018 | 0.76 | 0.2 | 9512 | 98 |
| self employment tax amount 2015 | 1.85 | 0.9 | 3396 | 54 |
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 self employment income is taxable?In effect, this comes to 15.3% of your covered earnings, though the IRS allows self-employed gig workers to deduct half of that from their income when calculating their taxable income. Effectively, self-employed people can claim up to 50% of what they pay in self-employment tax as an income tax deduction.
