Virginia Self-Employment Tax Calculator
Virginia has a graduated state income tax with a top rate of 5.75%. On top of that, every freelancer, gig worker, and 1099 contractor owes 15.3% federal self-employment tax on net profit. Enter your expected Virginia net profit to see your full 2026 tax breakdown.
Take-home rate 76%
Take-home $56,681 Tax $18,319
Federal SE tax
Net earnings subject to SE tax (92.35%) $69,263
Social Security (12.4%) $8,589
Medicare (2.9%) $2,009
Total self-employment tax $10,597
Income tax
Half of SE tax deduction -$5,299
QBI deduction (20%) -$10,720
Federal income tax $4,898
Virginia income tax $2,825
Bottom line
Total estimated tax $18,319
Effective tax rate 24.4%
Estimated take-home pay $56,681
Running your business as an LLC in Virginia?
Virginia charges a $50 annual LLC fee. Annual registration fee due on formation anniversary month.
See the full Virginia LLC tax calculator →