Schedule SE tax on net profit (15.3% on 92.35% with the SS wage-base cap) plus the half-SE above-the-line deduction. Set QBI eligibility for the § 199A 20% deduction below the income threshold.
Resolves your state + any local jurisdiction (NYC, Yonkers, Philly, etc.).
Schedule C gross income minus business expenses. Drives both Schedule SE tax and the federal bracket math after the half-SE deduction.
20% of qualified business income, capped at 20% of taxable income. SSTB phase-out and W-2 wage limits not modeled in v1.
Total tax bill (2025)
$—
Enter Schedule C net profit to see SE tax + federal/state.
Schedule SE tax
$—
12.4% SS + 2.9% Medicare on 92.35% of net profit
Half-SE deduction
$—
Above-the-line federal deduction (§ 164(f))
Federal income tax
$—
QBI deduction
$—
20% of QBI
Schedule SE walkthrough