Federal Income Tax Standard deduction of $15,750 (increased by the One Big Beautiful Bill, retroactive to 2025). Brackets are for single filers.
US$25,459 26.5%
Self-Employment Tax Combined Social Security (12.4%) + Medicare (2.9%) on 92.35% of net earnings. SS wage base $176,100. Additional Medicare 0.9% over $200,000. Effective rates: 15.3% x 0.9235 = 14.13% (SS+Med), 2.9% x 0.9235 = 2.68% (Med only), (2.9%+0.9%) x 0.9235 = 3.51% (Med+additional).
US$4,343 4.5%