Pennsylvania Self Employment Tax Calculator (2020)

Last Updated October 6, 2020

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

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

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

Anyone who is a sole proprietor, business owner or is self-employed has to pay Pennsylvania self employment tax, which is actually a Social Security and Medicare tax. The Pennsylvania self employment tax provides 12.4% to Social Security and 2.9% to Medicare, for a total of 15.3%.

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

The Pennsylvania self employment tax is forecasted using two calculations. The Social Security payment is 12.4% applied against a predetermined base amount, which in 2020 is the first $137,700 of your earnings. The Medicare payment is 2.9% applied against all your combined net earnings. Then if you happen to run a business with your spouse, or your spouse works for you, there may be requirements to pay the Pennsylvania self employment tax on their behalf.

3. When do I have to pay taxes?

The payments toward Pennsylvania self employment tax must be made on a quarterly basis:

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

If you don’t follow the payment schedule, you could be subject to a penalty.

4. What forms do I need to file taxes?

Form 1040-ES, Estimated Tax for Individuals, is used to make Pennsylvania self employment tax payments. There is also a worksheet for forecasting your quarterly estimated tax obligations.

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