Texas Self-Employment Tax Calculator (2025)
Last updated December 19th, 2024
This year you will owe a minimum of
$X,XXX in self-employment taxes.
This is an estimate, and should not be considered tax or financial advice.
What state are you in
- Alabama
- Alaska
- Arizona
- Arkansas
- California
- Colorado
- Connecticut
- Delaware
- Florida
- Georgia
- Hawaii
- Idaho
- Illinois
- Indiana
- Iowa
- Kansas
- Kentucky
- Louisiana
- Maine
- Maryland
- Massachusetts
- Minnesota
- Michigan
- Mississippi
- Missouri
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- Nevada
- New Hampshire
- New Jersey
- New Mexico
- New York
- North Carolina
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- Ohio
- Oklahoma
- Oregon
- Pennsylvania
- Rhode Island
- South Carolina
- South Dakota
- Tennessee
- Texas
- Utah
- Vermont
- Virginia
- Washington
- West Virginia
- Wisconsin
- Wyoming
What is your tax filing status?
- Single
- Married
- Married Filing Separately
- Head of Household
- Qualified Widow
What will your 1099 income be this year?
- Less than $600
- $600 - $2,500
- $2,500 - $10,000
- $10,000 - $25,000
- $25,000 - $50,000
- $50,000 - $75,000
- $75,000 - $100,000
- $100,000 - $150,000
- $150,000 - $250,000
- $250,000+
What will your W2 income be this year?
- Less than $10,000
- $10,000 - $20,000
- $20,000 - $30,000
- $30,000 - $40,000
- $40,000 - $50,000
- $50,000 - $60,000
- $60,000 - $70,000
- $70,000 - $80,000
- $80,000 - $90,000
- $90,000 - $100,000
- $100,000+
How much will you spend on business expenses this year?
- Less than $1,000
- $1,000 - $2,500
- $2,500 - $5,000
- $5,000 - $10,000
- $10,000 - $20,000
- $20,000 - $30,000
- $30,000 - $40,000
- $40,000 - $50,000
- $50,000+
1. How much is the self employment tax for Texas?
As a self employed individual, you don’t have an employer to withhold taxes and make payments on your behalf, which means you need to pay Texas self employment tax. That amount is a total of 15.3%, with 12.4% of it dedicated to Social Security and 2.9% dedicated to Medicare.
2. How much do I owe in self employment tax to the government?
Texas self employment tax is calculated based on your earnings. A base amount is established each year, against which the 12.4% of Social Security is applied. In 2020, the base amount will be the first $137,000 of your earnings. The second payment towards Medicare is 2.9% applied against all your combined net earnings. Then there may be variations if you have a married couples business, or your spouse is an employee.
To lower your tax bill, you could use a 1099 template or a tax software to track deductions.
3. When do I have to pay taxes?
There is an obligation to pay Texas self employment tax on a quarterly basis, with installments made on:
- April 15th
- June 15th
- September 15th
- January 15th
A worksheet on the tax form helps determine if you are required to file quarterly estimated tax payments.
4. What forms do I need to file taxes?
Form 1040-ES, Estimated Tax for Individuals, is used to pay Texas self employment tax. To complete it, you will need your previous year’s return, or if you're in your first year of business, you’ll have to estimate your annual earnings.
Track 1099 expenses & keep a peace of mind at tax time
Bonsai Tax is built exclusively for self-employed workers to track expenses, maximize tax write-offs, and estimate quarterly taxes.
Discover Bonsai Tax.