Indiana Self-Employment Tax Calculator (2023)

Last udpated December 19th, 2023
What state are you in
What is your tax filling status?
What will your 1099 income be this year?
What will your W2 income be this year?
How much will you spend on business expenses this year?
Get your estimated taxes
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 Indiana Self-Employment Tax in 2023

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

Indiana self employment tax is 15.3%, with 12.4% dedicated to social security, old-age, survivors, and disability insurance, and 2.9% for Medicare or hospital insurance.

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

Indiana self employment tax is calculated in two parts. For 2020, the first $137,700 of your net earnings is subject to the Social Security part of Indiana self employment tax. The 2.9% Medicare portion is applied to all your combined net earnings. If you have a family business or are in partnership with your spouse, the Indiana self employment tax requirements may vary.

3. When do I have to pay taxes?

With no employer to withhold taxes, you need to look after tax payment requirements on your own by filing quarterly estimated tax payments. Payments should 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. You will need your prior year’s tax return or you’ll have to estimate the amount of income you expect to earn for the year.

Track 1099 expenses & keep a peace of mind at tax time

Bonsai Tax is built exclusively for self-employed workers to track expenses, maximize tax write-offs, and estimate quarterly taxes.

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