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On $30,000 of 1099 income you owe $4,239 in self-employment tax and $942 in federal income tax — $5,181 in total, leaving $24,819.
Self-employment tax is the part that catches people who used to be on payroll. On $30,000 of net 1099 income you owe $4,239 — that is 14.1% of your profit, covering both halves of Social Security and Medicare, because you are now the employer as well as the employee. Federal income tax adds $942 on top, for $5,181 altogether and $24,819 left over.
Two things soften it, and both are already in the numbers above. You deduct half the self-employment tax ($2,119) before income tax is calculated, and the QBI deduction takes another $2,356 off your taxable income. What is NOT included is business expenses — this page assumes zero so the figure matches what you searched for. Every deductible dollar you spend running the business lowers both taxes, which is what the table shows.
Calculate your self-employment taxes, QBI deduction, federal/state income tax, and net take-home income
Net Business Take-Home
Effective Tax Rate: 24.1%
Revenue Allocation Breakdown
Self-employed individuals pay both employee and employer shares of Social Security and Medicare taxes (15.3% total), but get a 50% deduction of this tax. W-2 employees pay only 7.65% (their employer pays the other 7.65%).
Self-Employment Tax (1099 FICA)
Federal Income Tax & Deductions
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Single filer, no state income tax, 2026 rates. Expenses reduce net profit, so they cut self-employment tax and income tax at the same time.
| Business expenses | Net profit | SE tax | Federal tax | Take-home |
|---|---|---|---|---|
| $0 | $30,000 | $4,239 | $942 | $24,819 |
| $5,000 | $25,000 | $3,532 | $571 | $20,897 |
| $10,000 | $20,000 | $2,826 | $199 | $16,975 |
| $20,000 | $10,000 | $1,413 | $0 | $8,587 |
1099 incomes