estimate_self_employment_tax
Calculate self-employment tax obligations for freelancers and independent contractors. Get detailed breakdowns including Schedule C profit, SE tax, QBI deduction, and recommended quarterly payments.
Instructions
Detailed self-employment tax breakdown including Schedule C profit, SE tax, QBI deduction, and recommended quarterly payments.
Input Schema
TableJSON Schema
| Name | Required | Description | Default |
|---|---|---|---|
| taxYear | Yes | Tax year | |
| filingStatus | Yes | ||
| grossRevenue | Yes | Total business revenue (Schedule C line 1) | |
| businessExpenses | Yes | Total business expenses (Schedule C) | |
| otherW2Income | No | W-2 income from other jobs | |
| retirementContributions | No | SEP IRA or Solo 401k contributions | |
| healthInsurancePremiums | No | Self-employed health insurance premiums | |
| dependents | No |