buksoSelf-employment SE Schedule SE 15.3 social
Not tax advice. General bookkeeping information only, checked against the official sources linked below (Canada Revenue Agency, IRS, provincial governments and Justice Laws) on Oct 17, 2026. Rules change; check with your accountant before you file.
United States
US: If your net earnings from self-employment are $400 or more, you pay self-employment tax and file Schedule SE with your Form 1040. The rate is 15.3%: 12.4% Social Security (up to that year's wage base) plus 2.9% Medicare on all net earnings; an extra 0.9% Medicare tax applies above $200,000 (single) or $250,000 (married filing jointly). You can deduct the employer-equivalent half of your SE tax when figuring adjusted gross income. Your state may have its own rules and tax year – check your state's tax agency.
Official source: irs.gov