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How Self-Employment Tax Works in New York (2026)
Self-employment tax is 15.3% — 12.4% Social Security plus 2.9% Medicare — applied to 92.35% of your net self-employment income, on top of federal and New York income tax. Half of the SE tax (7.65% equivalent) is an above-the-line deduction against your federal taxable income.
| Piece | Rate / rule |
|---|---|
| Net earnings subject to SE tax | 92.35% of net profit |
| Social Security portion | 12.4% (up to $184,500 of net earnings) |
| Medicare portion | 2.9% · +0.9% above $200,000 |
| Deductible half of SE tax | 50%, above-the-line on your federal return |
Estimated payments are due quarterly (roughly mid-April, mid-June, mid-September, and mid-January). The 20% Qualified Business Income deduction (§199A) is not modeled here — it depends on your income level and business type. If you also have W-2 wages, the Social Security cap is measured against your combined earnings, so this estimate runs high.
New York Self-Employment Tax by Income (2026)
Single filer, 1099 income is the only earnings for the year. The quarterly figure is an even 4-way split of the annual total.
| Net 1099 income | SE tax | Federal tax | New York tax | Quarterly payment |
|---|---|---|---|---|
| $20,000 | $2,826 | $249 | $423 | $874 |
| $40,000 | $5,652 | $2,281 | $1,410 | $2,336 |
| $60,000 | $8,478 | $4,511 | $2,414 | $3,851 |
| $80,000 | $11,304 | $7,527 | $3,418 | $5,562 |
| $100,000 | $14,130 | $11,616 | $4,443 | $7,547 |
New York Self-Employment Tax FAQ
How much is self-employment tax in New York?
15.3% federal SE tax on 92.35% of net profit (12.4% Social Security up to $184,500, 2.9% Medicare), plus New York State income tax on net profit (3.90%-10.90%), plus New York City tax if you are a city resident, plus federal income tax. Half the SE tax is deductible federally.
Do 1099 workers pay quarterly taxes in New York?
Yes - New York requires quarterly estimated payments once your unpaid state tax passes its threshold (check the New York State Department of Taxation and Finance), on the mid-April / mid-June / mid-September / mid-January schedule, in addition to federal estimates (the federal rule is $1,000 of expected tax).
Is there a separate NYC self-employment tax?
New York City residents who are self-employed pay NYC personal income tax on their net profit. Unincorporated businesses in NYC above $95,000 of income may also owe the separate Unincorporated Business Tax (UBT), which this calculator does not model.
Methodology & Source
New York state tax figures sourced from New York State Department of Taxation and Finance (https://www.tax.ny.gov/), citing N.Y. Tax Law § 601 — FY2026 budget cut the bottom five bracket rates 0.1 point starting tax year 2026 (4%→3.9%, 4.5%→4.4%, 5.25%→5.15%, 5.5%→5.4%, 6%→5.9%). Thresholds below are the single-filer schedule — previously this file incorrectly used married-filing-jointly thresholds.. Federal brackets, standard deductions (single/MFJ/HoH), and FICA constants sourced from the IRS (Revenue Procedure 2025-32; married-filing-jointly Additional Medicare threshold of $250,000 is a separate, unindexed statutory figure). New York's married-filing-jointly and head-of-household figures are not yet independently verified and currently fall back to single-filer brackets — see the caveat in the formula section above.
Local tax figures sourced from NYS Department of Taxation and Finance (IT-201 instructions) / City of Yonkers Code, Article IX. NYC resident brackets cross-checked against two independent secondary sources 2026-07-29; Yonkers 16.75% resident surcharge (of net NY state tax) is a long-standing, unindexed statutory figure, cross-checked against a second secondary source the same day.
Self-employment tax uses the statutory 15.3% rate (12.4% Social Security + 2.9% Medicare) on 92.35% of net self-employment income, with half of the SE tax deducted from federal taxable income above-the-line — per IRS Schedule SE (Form 1040) instructions, IRC §1401 and §164(f), 2026 edition. The 20% Qualified Business Income deduction (IRC §199A) is not modeled — it phases out by income and business type and is too state/entity-dependent to compute generically. This assumes the self-employment income is your only earnings for the year; if you also have W-2 wages, the Social Security wage-base cap and Additional Medicare threshold are actually based on your combined earnings, so this will overstate SE tax if you have significant wage income too.
This is an estimate based on standard single-filer federal, FICA, NY state tax, and NY PFL calculations. Actual withholding may differ based on your W-4/IT-2104 elections, pre-tax deductions, NYC/Yonkers tax, and other factors.
Pre-tax deductions assumption: HSA and health insurance premium contributions are assumed to also reduce the New York Paid Family Leave (PFL) wage base, consistent with their FICA wage treatment. This is a reasonable default, not independently verified against New York's specific New York Paid Family Leave (PFL) statute.
Guideline version: 2026-NY-v2 · Effective: 2026-01-01 · Last verified: 2026-08-18