| Keyword | CPC | PCC | Volume | Score | Length of keyword |
|---|---|---|---|---|---|
| when are self employment taxes due 2021 | 1.32 | 0.1 | 1652 | 6 | 39 |
| when | 0.64 | 0.1 | 8402 | 7 | 4 |
| are | 1.69 | 0.3 | 1042 | 61 | 3 |
| self | 1.85 | 0.1 | 9293 | 29 | 4 |
| employment | 0.65 | 0.9 | 9395 | 50 | 10 |
| taxes | 1.56 | 1 | 5351 | 55 | 5 |
| due | 1.02 | 0.7 | 9831 | 24 | 3 |
| 2021 | 2 | 0.9 | 14 | 61 | 4 |
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.
Do I pay self employment tax?You may need to pay self-employment taxes throughout the year. One big difference between self-employment tax and the payroll taxes people with regular jobs pay is that typically employees and their employers split the bill on Social Security and Medicare (i.e., you pay 7.65% and your employer pays 7.65%); self-employed people pay both halves.
