Self-Employment Tax

This handout discusses the self-employment tax and how it is calculated. Common self-employment tax situations are explored.

HIGHLIGHTS: 

  1. Who pays self-employment tax.

  2. Social Security, Medicare, and Additional Medicare taxes.

  3. Self-employment tax optional methods.

  4. Kids in business.


CLIENTS WHO MAY BENEFIT:

  1. Taxpayers who are self-employed.

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