IRS Schedule SE (Self-Employment Tax) Schedule C Business - Step-by-Step Instructions
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- Опубліковано 25 сер 2024
- IRS Schedule SE is used to report and calculate a taxpayer's self-employment taxes. Under the default method, a taxpayer pays self-employment taxes on their net self-employment earnings.
There are two optional methods available (the Nonfarm Optional Method and the Farm Optional Method).
Self-employment taxes are a total of 15.3%, which is 12.4% of Social Security taxes and 2.9% of Medicare taxes.
In this example, the taxpayer has a Schedule C business and calculates his net SE earnings using the standard method.
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I know I will never get an answer...but what the heck...gonna ask anyway! At the bottom of the SE form, it says you "can" cut your FICA taxes by 50%. But............If you made 9k in 2023 and you want to get all 4 of your social security credits (4 for the year) then you can not cut that in half ($6560)...otherwise you will not get the 4 credits because you need to cough up $6560 for the credits....right? I mean if you pay say $4172 ...then you get 2 credits, right?
Cash received $9870 from restaurants and close restaurants where should I entry