| Keyword | CPC | PCC | Volume | Score | Length of keyword |
|---|---|---|---|---|---|
| self employment tax for 2021 | 1.82 | 0.4 | 8599 | 42 | 28 |
| self | 1.44 | 0.1 | 6161 | 71 | 4 |
| employment | 1.12 | 0.9 | 6894 | 89 | 10 |
| tax | 1.82 | 0.7 | 1259 | 6 | 3 |
| for | 0.84 | 0.1 | 6697 | 70 | 3 |
| 2021 | 0.22 | 0.8 | 3069 | 6 | 4 |
| Keyword | CPC | PCC | Volume | Score |
|---|---|---|---|---|
| self employment tax for 2021 | 1.92 | 0.2 | 4186 | 24 |
| self employment tax for 2022 | 0.01 | 0.7 | 3173 | 21 |
| self employment tax form 2021 | 1.04 | 0.5 | 7794 | 92 |
| self employment tax form 2021 irs | 1.1 | 0.1 | 8426 | 82 |
| self employment tax for 2018 | 0.23 | 0.4 | 9712 | 60 |
| self employment tax for 2023 | 0.52 | 0.4 | 7613 | 57 |
| self employment tax for 2020 | 1.51 | 0.8 | 1351 | 9 |
| self employment tax for 2019 tax year | 0.33 | 0.2 | 3357 | 81 |
| self employment tax calculator 2021 | 1.26 | 0.8 | 3801 | 26 |
| self employment tax rate 2021 | 1.81 | 0.2 | 6421 | 77 |
| how much is self employment tax 2021 | 0.01 | 0.8 | 4021 | 69 |
| deductible part of self employment tax 2021 | 1.07 | 0.9 | 9264 | 83 |
| what is the self employment tax rate 2021 | 1.88 | 0.5 | 6648 | 82 |
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.
