Solved: For a small business owner, are federal taxes paid from an employee's check deductible as a business expense? If so, where do they go on Schedule C?
Sign Up

Why sign in to the Community?

  • Submit a question
  • Check your notifications
or and start working on your taxes
Announcements
TurboTax has you covered during Covid. Get the latest second stimulus info here.
cancel
Showing results for 
Search instead for 
Did you mean: 
New Member

For a small business owner, are federal taxes paid from an employee's check deductible as a business expense? If so, where do they go on Schedule C?

 
1 Best answer

Accepted Solutions
Level 6

For a small business owner, are federal taxes paid from an employee's check deductible as a business expense? If so, where do they go on Schedule C?

Federal tax withheld from an employee's paycheck is not deductible as a business expense.

Payroll taxes (which are the employer's share of FICA taxes and unemployment tax) are deductible as a business expense under Taxes and Licenses.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

View solution in original post

1 Reply
Level 6

For a small business owner, are federal taxes paid from an employee's check deductible as a business expense? If so, where do they go on Schedule C?

Federal tax withheld from an employee's paycheck is not deductible as a business expense.

Payroll taxes (which are the employer's share of FICA taxes and unemployment tax) are deductible as a business expense under Taxes and Licenses.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

View solution in original post

Dynamic Ads
v
Privacy Settings