Send detailed estimates, manage change orders, track progress payments, and keep every construction job on budget — all in one place.
No matter what construction work you do, Invoice G2G has you covered.
In 2026, the average salary for construction contractors in the U.S. is around $61,200 per year, though it can vary widely depending on trade specialty, project size, and location.
New contractors and general laborers might earn closer to $45,600, while experienced foremen and project managers could see salaries as high as $92,300 or more, especially in major metros like New York, Chicago, and Los Angeles.
When it comes to taxes, construction contractors — like all self-employed builders — are responsible for paying both income taxes and self-employment taxes (which cover Social Security and Medicare).
The self-employment tax rate is 15.3%, which consists of 12.4% for Social Security and 2.9% for Medicare.
For income up to $172,000 in 2026, you'll pay the full 15.3%. Income above this threshold is only subject to the 2.9% Medicare portion, with an additional 0.9% for high earners (income above $200,000 for single filers).
We used to lose hours every week chasing invoices. Now everything is in one place and our clients pay on time. Total game changer for our crew.
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