2025 FICA Tax Rate for Self-Employed
The self-employed person’s FICA tax rate for 2025 (January 1 through December 31, 2025) is 15.3% on the first $176,100 of net income plus 2.9% on the net income in excess of $176,100. In other words, the self-employed person’s FICA tax rate for 2025 includes all of the following:
- the employee’s portion of the Social Security tax, which is 6.2% of the first $176,100 of net income
- the employer’s portion of the Social Security tax, which is 6.2% of the first $176,100 of net income
- the employee’s portion of the Medicare tax, which is 1.45% of all net income (no cap or limit on net income)
- the employer’s portion of the Medicare tax, which is 1.45% of all net income (no cap or limit on net income)
A self-employed person having net income of exactly $176,100 in 2025 must remit FICA taxes of $26,943.30. ($176,100 X 15.3%).
2026 FICA Tax Rate for Self-Employed
The self-employed person’s FICA tax rate for 2026 (January 1 through December 31, 2026) is 15.3% on the first $184,500 of net income plus 2.9% on the net income in excess of $184,500. In other words, the self-employed person’s FICA tax rate for 2026 includes all of the following:
- the employee’s portion of the Social Security tax, which is 6.2% of the first $184,500 of net income
- the employer’s portion of the Social Security tax, which is 6.2% of the first $184,500 of net income
- the employee’s portion of the Medicare tax, which is 1.45% of all net income (no cap or limit on net income)
- the employer’s portion of the Medicare tax, which is 1.45% of all net income (no cap or limit on net income)
A self-employed person having net income of exactly $184,500 in 2026 must remit FICA taxes of $28,228.50 ($184,500 X 15.3%).
There is also an Additional Medicare Tax that applies to higher income taxpayers. Information on the Medicare surtax and other income tax information can be found at www.irs.gov.
