Georgia Self-Employment Tax Calculator (2026)
Federal self-employment tax, federal income tax and Georgia state income tax on 1099 income, plus how much to set aside for each estimated payment.
Federal 2026 and Georgia 2026 data checked against the official publications, last on 2026-09-05 Runs in your browser — nothing you type is sent anywhere, not even when you reload or share the link No sign-up Methodology and data status
- Total tax
- $17,394
- Effective rate
- 24.2%
- Set aside per quarter
- $4,348
- After-tax income
- $54,606
| Breakdown | |
|---|---|
| Net profit (income − expenses) | $72,000 |
| Self-employment tax | $10,173 |
| Social Security (12.4%) | $8,245 |
| Medicare (2.9%) | $1,928 |
| Federal income tax | $4,630 |
| Adjusted gross income | $66,913 |
| Standard deduction | −$16,100 |
| Qualified business income deduction (20%) | −$10,163 |
| Taxable income · marginal rate 12.0% | $40,651 |
| Georgia income tax | $2,590 |
| Total federal + state | $17,394 |
Amounts to set aside, not bills: federal $3,701 for each Form 1040-ES installment (Apr 15, Jun 15, Sep 15, Jan 15). Georgia: $648 per installment on its own schedule. For the safe-harbor amount and payments you have already made, use the quarterly calculator with these inputs.
Georgia and self-employment income
Georgia replaced its graduated brackets with a flat rate in 2024 and keeps cutting it: 5.19% for 2025 and 4.99% for 2026 under the Georgia Economic Growth and Tax Relief Act (H.B. 463, signed May 2026). The same act raises the 2026 standard deduction to $15,000 single / $30,000 joint and the deduction per dependent to $5,000; further cuts from 2027 depend on revenue targets.
Georgia rules used by this calculator (2026)
- Georgia applies a flat 4.99% rate for 2026.
- Standard deduction: $15,000 single, $30,000 married filing jointly, $15,000 head of household — below the federal $16,100 single / $32,200 joint for 2026.
- Each dependent adds a $5,000 deduction.
- A $250 credit per child under 6; the calculator applies it.
- A credit of a small amount per person on the return at low incomes (up to $19,999 single / $19,999 joint); the calculator applies it.
- Georgia starts from federal AGI, so the deductible half of self-employment tax reduces state income as well.
What a Georgia freelancer may still owe
- Georgia requires estimated payments (Form 500-ES) when you expect to owe more than $500 for the year.
- Every business needs an occupational tax certificate from its city or county, priced on gross receipts or a flat fee.
- Applied here: the low income credit (a few dollars per person for incomes under $20,000) and, from 2026, the $250 credit per child under 6 enacted in H.B. 136. Georgia has no earned income credit; the child and dependent care credit is not included.
What Georgia costs at three levels of profit (2026)
A single filer with no dependents and no other income, taking the standard deduction. The state column is Georgia's own tax after its deductions, exemptions and credits.
| Net profit | Federal | Georgia | Total | Effective rate |
|---|---|---|---|---|
| $50,000 | $9,732 | $1,570 | $11,302 | 22.6% |
| $75,000 | $15,495 | $2,730 | $18,225 | 24.3% |
| $100,000 | $22,365 | $3,889 | $26,254 | 26.25% |
At $75,000 of profit, Georgia takes $2,730 — 14.98% of the total tax bill. Change any input in the calculator above to see your own figures.
How the federal part is worked out
Net profit is 1099 income less business expenses (Schedule C). Self-employment tax is 15.3% of 92.35% of that profit — 12.4% Social Security up to $184,500 of combined wages and earnings, 2.9% Medicare on all of it. Half of that tax, the $16,100 standard deduction ($32,200 joint) and the 20% qualified business income deduction come off before the 2026 brackets are applied; the child tax credit and the earned income credit then reduce what is left, and the refundable parts can offset self-employment tax. The methodology page sets out the full sequence and every rule the calculator leaves out, including how Georgia's figures are derived.
Quarterly estimated tax deadlines (2026)
If you expect to owe $1,000 or more of federal tax for the year, the IRS expects four estimated payments (Form 1040-ES). Georgia runs its own estimated-payment schedule with its own threshold (see above); the calculator shows the federal installment and the Georgia installment separately, and one combined amount to set aside each quarter.
The 2026 dates are April 15, 2026, June 15, 2026, September 15, 2026, January 15, 2027. The federal amount is split into four equal Form 1040-ES installments after any withholding you entered; paying 100% of last year's tax instead (110% above $150,000 of prior-year AGI) also avoids the penalty. The quarterly calculator works that out and subtracts what you have already paid, and the guide to the due dates explains the rule.
Common questions
Does Georgia tax self-employment income differently from wages?
For state income tax, net profit from self-employment is ordinary income like wages. The self-employment tax itself is federal only; Georgia does not add a state equivalent.
Is half of self-employment tax really deductible?
Yes, for federal tax. The employer-equivalent half is an adjustment to income on Schedule 1, which lowers your AGI and therefore your federal income tax. It does not reduce the self-employment tax itself.
Does an LLC change these numbers?
For federal income tax and self-employment tax, a single-member LLC taxed as a sole proprietorship follows exactly the calculation shown here. State and local obligations can still differ: an LLC may be a taxable entity for a state's franchise, gross-receipts or excise tax, and may owe registration or licence fees a sole proprietor does not — Georgia's are listed above. Electing S-corporation status changes the federal arithmetic too (salary plus distributions) and is outside this tool's scope.
What if I moved to Georgia during the year?
Income earned while you were a resident of another state is taxable there under that state's rules. This calculator assumes all income was earned as a Georgia resident.
Data sources and status
Federal figures for 2026: verified · last verified 2026-09-05 · the revenue procedures and forms they were read from, with every other data set
Georgia figures for 2026: verified · last verified 2026-09-08
- Georgia Department of Revenue : Employer's Withholding Tax Guide 2026, revised June 2026, 'What's new for tax year 2026': H.B. 463 changes are 'retroactive to taxable years beginning on or after January 1, 2026' — rate 5.19% → 4.99%, standard deductions $30,000 MFJ and $15,000 single / head of household / MFS, dependent deduction $4,000 → $5,000
- Georgia Department of Revenue : 'Important Tax Updates' page (rate 4.99%; standard deduction $15,000 single, HoH, MFS / $30,000 MFJ)
- Office of the Governor : press release 2026-05-11 on signing H.B. 463 (Act 465), the Georgia Economic Growth and Tax Relief Act of 2026: rate 4.99% from January 1, 2026; further 0.125-point cuts and deduction step-ups from 2027 only if revenue conditions are met
- O.C.G.A. §48-7-29.27 as enacted by H.B. 136 (2025) : from tax year 2026, a $250 nonrefundable credit per qualifying child (federal §24(c)) who has not attained age six, no carryforward, no income phase-out — read from the enacted text; the Department has not yet published a notice
- Georgia Department of Revenue : 2025 IT-511 booklet for the low income credit (unindexed)
Georgia Department of Revenue · How figures are checked · Corrections log
Other states
Paying as you go? The quarterly estimated tax calculator applies the federal safe harbor and subtracts what you have already paid.