Real Estate Agent Net Pay Calculator
Calculate your true take-home pay after broker split, business expenses, self-employment tax, and income tax.
Gross Commission Income
Total commissions before any deductions
70 = 70/30, 80 = 80/20, 100 = full commission
25% referral fees paid to referring agents
E&O, desk fees, transaction fees, etc.
Annual Business Expenses
CRM, transaction mgmt, e-sign tools
IRS mileage rate × business miles, or actual
Home office, continuing ed, meals, etc.
Tax Settings
Use your marginal bracket (10–37%)
0% for TX, FL, WA, NV, SD, WY, AK
Most agents qualify. Deduct 20% of net self-employment income from taxable income. Consult a CPA for your situation.
Full Income Breakdown
Agent Net Pay FAQ
What is self-employment tax for real estate agents?
Real estate agents are independent contractors and pay 15.3% self-employment tax on net self-employment income (after business expenses). This covers Social Security (12.4%) and Medicare (2.9%). You can deduct half of SE tax from gross income when calculating income tax.
What business expenses can I deduct?
Common deductible expenses include: MLS fees, NAR/state/local association dues, E&O insurance, marketing and advertising, vehicle mileage, home office, technology and software (CRM, transaction management), continuing education, and business meals. Keep receipts for everything.
How much should I set aside for taxes?
Most agents should set aside 25-35% of gross commission. A common rule: save 30% from every check. This covers SE tax (~15%) plus federal income tax (22-24% for most agents) minus deductions. Pay quarterly estimated taxes to avoid IRS penalties.
What is the QBI deduction?
Real estate agents may qualify for the 20% Qualified Business Income (QBI) deduction under Section 199A. If you qualify, you can deduct up to 20% of net self-employment income, significantly reducing your effective tax rate. Income thresholds apply — consult a CPA.
What % of GCI do most agents actually keep?
Most agents take home 45-65% of their GCI. At a 70/30 split with average expenses and taxes: roughly 50-55% of GCI. On a 100% commission plan (no broker split) with typical expenses and taxes: around 60-70% of GCI. Agents with high production and KW-cap plans often net 60%+.