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Self Employment Tax amount to pay before January 15th

I am self employed and married joint filing. Our 1040 Schedule 2 says Self Employment tax is $1224 and 1040 tax due says $686. Which amount should I pay to cover my SE FICA and avoid penalty? 

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ThomasM125
Expert Alumni

Self Employment Tax amount to pay before January 15th

You need to pay the amount on your form 1040, line37 (the amount you owe.) The self employment tax listed on line 4 of schedule 2 is included in the amount you owe on form 1040.

 

 

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2 Replies
ThomasM125
Expert Alumni

Self Employment Tax amount to pay before January 15th

You need to pay the amount on your form 1040, line37 (the amount you owe.) The self employment tax listed on line 4 of schedule 2 is included in the amount you owe on form 1040.

 

 

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

Self Employment Tax amount to pay before January 15th

Thanks so much for your guidance. Be well. 

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