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What Is Self-Employment Tax?

Self-Employment Tax a 15.3% tax on net self-employment income covering Social Security (12.4%) and Medicare (2.9%). Applies to TikTok Shop sellers filing as sole proprietors or single-member LLCs.

How Dashboardly Tracks Self-Employment Tax

Dashboardly calculates Self-Employment Tax from your live TikTok Shop data — pulling actual orders, fees, refunds, and returns so the number you see matches your P&L.

  • Actual order revenue — not estimated or attributed revenue
  • Refunds and returns deducted automatically
  • All platform fees included for profit-level accuracy
  • Historical trends so you spot changes before they hit profit

Frequently asked questions

What is a good Self-Employment Tax?

15.3% on first $168,600 (2026). 2.9% Medicare on amounts above. Deduct 50% of SE tax on personal return.

How do I calculate Self-Employment Tax?

SE Tax = Net Profit × 92.35% × 15.3%

Why is my Self-Employment Tax different from what TikTok Shop reports?

TikTok's native reports use attributed metrics with click- and view-through windows. Dashboardly calculates Self-Employment Tax from actual order revenue, deducting refunds and returns for a truer number that matches your real P&L.

When should I track Self-Employment Tax?

Self-Employment Tax is a leading indicator — check it daily if you're running ads or running pricing experiments, weekly otherwise. Dashboardly tracks Self-Employment Tax automatically so you don't have to pull exports.

Related tools & resources

A 15.3% tax on net self-employment income covering Social Security (12.4%) and Medicare (2.9%). Applies to TikTok Shop sellers filing as sole proprietors or single-member LLCs.
Definition

A 15.3% tax on net self-employment income covering Social Security (12.4%) and Medicare (2.9%). Applies to TikTok Shop sellers filing as sole proprietors or single-member LLCs.

Formula

SE Tax = Net Profit × 92.35% × 15.3%

Example Calculation

$50,000 net profit × 0.9235 × 0.153 = $7,065 self-employment tax

Benchmarks for TikTok Shop Sellers

15.3% on first $168,600 (2026). 2.9% Medicare on amounts above. Deduct 50% of SE tax on personal return.

Why It Matters for TikTok Shop Sellers

A 15.3% tax on net self-employment income covering Social Security (12.4%) and Medicare (2.9%). Applies to TikTok Shop sellers filing as sole proprietors or single-member LLCs.

Related Terms

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