Georgia Self-Employment Tax Calculator (2023)

Last udpated December 19th, 2023
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This year you will owe a minimum of
$X,XXX in self-employment taxes.
Want to save money with deductions and stay on top of your self-employed taxes?

Bonsai Tax is built just for self-employed workers.
It helps tens of thousands of people across the country save an average of $5,600 on their taxes.
This is an estimate, and should not be considered tax or financial advice.

What You Need to Know About Georgia Self-Employment Tax in 2023

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

The Georgia self employment tax is made up of two parts, for a total of 15.3%. The Social Security portion is 12.4%, which includes social security, old-age, survivors, and disability insurance. The Medicare or hospital insurance portion is 2.9%.

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

The Georgia self employment tax is also paid in two parts. The Social Security amount is applied to an established earnings amount, which in 2020 will be the first $137,000 of your earnings. The Medicare percentage is applied to all your combined net earnings. If you have a partnership with a spouse, or your spouse works for you, there are some different filing requirements.

3. When do I have to pay taxes?

You are required to pay Georgia self employment tax quarterly or face a penalty. The quarterly estimated tax payments must be made on:

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

4. What forms do I need to file taxes?

To pay your Georgia self employment tax quarterly, you will use Form 1040-ES, Estimated Tax for Individuals. To file your annual tax return, you will use Schedule SE (Form 1040 or 1040-SR ), Self-Employment Tax to report your Social Security and Medicare taxes.

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