How does the self employment tax work?
Get the latest Flash player
-
Save to Favorites
What makes me self-employed?
What is considered a home business?
What is a Schedule C?
How do I report the income for self employment or a home business?
What deductions are available for self employment or home businesses?
How do I deduct my home office?
How does the self employment tax work?
Can I deduct retirement plan contributions?
Tax Return
What different tax return filing statuses are there?
What are dependents and how do I claim them on my tax return?
How and When to Use a W-2 Form
How and When to Use a 1099 Form
What makes me self-employed?
What is capital gain?
What deduction options do I have when filing a tax return?
Do I have any credits against my tax?
What does it mean to be audited?
Top Audit Survival Tips
Investment For Beginners
Investment Planning
Best Investment Options
Investment Strategies
Investment Management
Federal Estate Tax And You
Estate Planning Basics
Estate Planning Basics - Probate
Estate Planning Basics - Taxes
Estate Planning Basics - Family Circumstances
Estate Planning Basics - Revocable Living Trust
Serving clients since 1932, Goodman & Company brings 75 years of knowledge and experience to the demands of today's ever-changing business environment. Throughout the past 75 years, we've never strayed from our mission-to provide each client with personal, high-quality service using the most up-to-date technology and resources.
How does the self employment tax work?
Goodman & Company Tax Director Art Auerbach explains how tax on self employment pays into Social Security.
Transcripts
Host: How does the self-employment tax work?
Aurthur Auerbach: Self-employment tax is how a self-employed individual pays in into the Social Security System. If you have a profit and the net result of net income on your Schedule C that number carries to form 1040 SE for self-employed, you calculate there the amount of contribution, you write that check, you pay that in addition to your normal income tax and that is how you build your credits as a self-employed individual to the Social Security System. It's pretty simple, profit on Schedule C, carry that number to 1040 SE, if you are using a tax program and you have bought one of the commercial programs, they should automatically do this for you.
Resolving Tax Problems - Taxes in Bankruptcy
How do estate taxes work?
Can a married couple avoid the taxes of four million dollars?
What do I need to do in terms of taxes?
Do I need to have my taxes completed before submitting my FAFSA?
What should I do first to start filing my taxes?
Estate Planning - Paying Death Taxes
Estate Planning Basics - Taxes
What taxes did you pay?
(Add Comment)