It depends. The self-employment (SE) taxes (Social Security and Medicare) that you owe from your self-employment income is calculated in your total tax liability on your Form 1040. TurboTax calculates this for you. If your total tax liability including your SE taxes is more than your estimated taxes paid and/or taxes withheld from other employment, you will get a refund and the SE tax has been deducted. If you did not have withholding or you did not pay estimated taxes, you will have a balance due (which includes your SE tax) that you will have to pay when you file your tax return or by the end of filing season.
However, you do get a deduction for a portion of your self-employment taxes that are calculated. The SE taxes and deduction are calculated on Schedule SE. For additional information, please see the TurboTax article Self-Employed Federal Income Taxes.
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