Maryland Self-Employment Tax Calculator (2023)

Last udpated December 19th, 2023
What state are you in
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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 Maryland Self-Employment Tax in 2023

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

Maryland self employment tax applies to the earnings withdrawn from a Maryland business. You can deduct business expenses from income to determine the amount of earnings and the amount owed in Maryland self employment tax, which is currently set at 15.3%.

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

The Maryland self employment tax comprises two parts: 12.4% paid to Social Security, applied to the first $137,700 of your net earnings; and 2.9% paid to cover Medicare, applied to all your combined net earnings. There are some differences if you file as a married couple in a partnership, or if you have family working for you.

3. When do I have to pay taxes?

Maryland self employment tax must be estimated and paid quarterly:

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

4. What forms do I need to file taxes?

Maryland self employment tax is paid using the federal form, known as Form 1040-ES, Estimated Tax for Individuals. You will need your previous year’s income tax return, or you’ll have to estimate your annual earnings in order to complete the form.

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