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• Similar to Social Security and Medicare taxes. The self-employment tax rate is 15.3 percent of self-employment profit. The self-employment tax is calculated on Schedule SE—Self-Employment Tax. The self-employment tax is reported on Form 1040, U.S. Individual Income Tax Return.

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  Cite Definition for self-employment tax

  American Psychological Association (APA)

  self-employment tax. (n.d.). Understanding Taxes Student Glossary. Retrieved February 8, 2023, from website: http://www.expertglossary.com/definition/self-employment-tax.

  Chicago Manual of Style (CMS)

  self-employment tax. apps.irs.gov. Understanding Taxes Student Glossary. Internal Revenue Service. http://www.expertglossary.com/definition/self-employment-tax (accessed: February 8, 2023).

  Modern Language Association (MLA)

  "self-employment tax." Understanding Taxes Student Glossary. Internal Revenue Service. 8 February. 2023 http://www.expertglossary.com/definition/self-employment-tax.

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