Michigan Self Employment Tax Calculator (2020)

Last Updated October 6, 2020

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form
Please enter a number.
TOTAL TAX
--
MEDICARE TAX
--
SOCIAL SECURITY TAX
--

The calculator is for illustrative purposes only, and should not be considered financial or tax advice.

What You Need to Know About Michigan Self-Employment Tax in 2020

1. How much is the self employment tax for Michigan?

Michigan self employment tax is an amount paid to cover Social Security and Medicare, to a total of 15.3%. Social Security is 12.4% and Medicare is 2.9%.

2. How much do I owe in self employment tax to the government?

Michigan self employment tax is also calculated separately for the two payments. The Social Security amount is applied to a set amount every year, and for 2020, the 12.4% will be applied to the first $137,700 of your net earnings. The 2.9% Medicare amount is applied to all your combined net earnings. If you operate a married couples business, tax requirements may vary.

3. When do I have to pay taxes?

When you work for an employer, they withhold taxes from your cheques. When you’re the boss, you’re required to pay Michigan self employment tax on a quarterly basis. Estimated tax payments must be made on:

  • April 15th
  • June 15th
  • September 15th
  • January 15th

4. What forms do I need to file taxes?

Payments can be made electronically with Form 1040-ES, Estimated Tax for Individuals. Use the worksheet in Form 1040-ES to find out if you are required to file quarterly estimated tax.

Start saving on taxes and get financial peace of mind.
Start Free

Looking for self employment tax information for your state?

Can't find your state? We're adding tax information for 10 other US states soon.