Vermont self-employment tax 2026
With $68,000 of self-employment profit in Vermont, a single filer owes about $9,608 in self-employment tax for 2026 and should set aside about $3,906 each quarter.
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$52,37777.0%
Social Security$7,78711.5%
Medicare$1,8212.7%
Federal income tax$4,2736.3%
Vermont income tax$1,6732.5%
Child Care Contribution$690.1%
Income tax
$5,946
Total tax
$15,624
Each quarter
$3,906
Quarterly estimated payments for 2026
Apr 15, 2026Covers Jan 1 to Mar 31
$3,906Jun 15, 2026Covers Apr 1 to May 31
$3,906Sep 15, 2026Covers Jun 1 to Aug 31
$3,906Jan 15, 2027Covers Sep 1 to Dec 31
$3,906Equal amounts to set aside, not a bill.
Self-employment tax in Vermont
- Self-employment tax
- 15.3%
- Wage base
- $184,500
- Extra Medicare
- 0.9%
- Owed from
- $400
- Business income deduction
- 20%
- Vermont income tax
- 3.35% to 8.75%
How we work it out
- 1Net earningsYour profit times 92.35%.
- 2Social Security12.4% on net earnings up to $184,500, less W-2 wages.
- 3Medicare2.9% on all net earnings, plus 0.9% over $200,000.
- 4Income taxAfter half your self-employment tax and the 20% business income deduction.
- 5Quarterly estimateSelf-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 Vermont tax self-employment income?
Yes. Vermont taxes your profit as income at 3.35% to 8.75%. You also pay the Child Care Contribution, 0.11% of net self-employment earnings.
Sources
- IRS Revenue Procedure 2025-32: 2026 brackets and standard deduction
- Social Security Administration: 2026 contribution and benefit base
- IRS Notice 2025-67: 2026 retirement plan limits
- Vermont Department of Taxes
- GB-1210 2026, Vermont Income Tax Withholding Instructions, Tables and Charts (annual percentage table and $5,400 allowance; Child Care Contribution)
- GB-1210 2025 and 2024 (method check: annual withholding brackets equal the tax brackets shifted by half the single standard deduction / three quarters of the joint one; allowance equals the personal exemption)
- 2025 Vermont Tax Rate Schedules (source of the head of household schedule used here)
- 2025 Form IN-111 (2025 standard deductions $7,650 / $15,300 / $11,450; $5,300 exemption; $150,000 AGI rule)
- Vermont Department of Taxes, Child Care Contribution (employer may withhold up to 0.11% of wages)
- Vermont JFO fiscal note on H.933 / Act 164 of 2026 (federal link-up; no change to rates, standard deduction or exemptions)
- Tax Foundation, State Individual Income Tax Rates and Brackets, 2026 (cross-check)
- Tax Foundation, State and Local Sales Tax Rates, Midyear 2026 (state rate)
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