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New Jersey self-employment tax 2026

With $68,000 of self-employment profit in New Jersey, a single filer owes about $9,608 in self-employment tax for 2026 and should set aside about $4,023 each quarter.

Updated ·By the BooksGPT team·2026 rates
Your business
$for 2026
Runs in your browser·2026 rates·What it leaves out
Self-employment tax · 2026
Quarterly payments
$9,608for the year
15.3% on 92.35% of your profit
Where your $68,000 of profit goes
You keep$51,91076.3%
Social Security$7,78711.5%
Medicare$1,8212.7%
Federal income tax$4,2736.3%
New Jersey income tax$2,2093.2%
Income tax
$6,482
Total tax
$16,091
Each quarter
$4,023

Quarterly estimated payments for 2026

Apr 15, 2026Covers Jan 1 to Mar 31
$4,023
Jun 15, 2026Covers Apr 1 to May 31
$4,023
Sep 15, 2026Covers Jun 1 to Aug 31
$4,023
Jan 15, 2027Covers Sep 1 to Dec 31
$4,023

Equal amounts to set aside, not a bill.

Self-employment tax in New Jersey

Self-employment tax
15.3%
Wage base
$184,500
Extra Medicare
0.9%
Owed from
$400
Business income deduction
20%
New Jersey income tax
1.4% to 10.75%

How we work it out

  1. 1
    Net earnings
    Your profit times 92.35%.
  2. 2
    Social Security
    12.4% on net earnings up to $184,500, less W-2 wages.
  3. 3
    Medicare
    2.9% on all net earnings, plus 0.9% over $200,000.
  4. 4
    Income tax
    After half your self-employment tax and the 20% business income deduction.
  5. 5
    Quarterly estimate
    Self-employment tax plus income tax on the profit, split in four.

Self-employment tax questions

How much self-employment tax do I owe on $68,000 of profit?
About $9,608 for 2026, made of $7,787 for Social Security and $1,821 for Medicare. Half of it, $4,804, comes off your income before income tax.
What is the self-employment tax rate for 2026?
15.3% on 92.35% of your net profit: 12.4% for Social Security on up to $184,500 and 2.9% for Medicare on all of it. Above $200,000 for single filers, another 0.9% Medicare applies.
When are 2026 estimated tax payments due?
Apr 15, 2026, Jun 15, 2026, Sep 15, 2026, and Jan 15, 2027. Each payment covers the months before it.
I also have a W-2 job. Does that change my self-employment tax?
Yes. Social Security stops at $184,500 of combined earnings, and your job's wages count first. Add your W-2 wages in the calculator to see the difference.
Does New Jersey tax self-employment income?
Yes. New Jersey taxes your profit as income at 1.4% to 10.75%.
Sources
Checked Oct 29, 2026. Estimates for planning, not tax advice.

Nearby states

All states
New YorkPennsylvaniaDelaware

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