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Self-Employment Tax

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  • Self-Employment Tax

    n n
    Last edited by jsmith80; 04-15-2005, 06:59 AM.

  • #2
    Self-employment tax is typically paid as part of the federal tax return. Some states may also have self employment tax. Self-employment tax is a social security and Medicare tax for individuals. You usually get a deduction for half of self employment tax paid if you meet certain guidelines.
    http://www.ssa.gov/pubs/10022.html
    Click for information. Tax is payable if net income from self employment is $400 or more.

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