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Get your taxes done using TurboTax
SusanY1's fine answer assumes that you have no compensation at a W-2 employer that would, when combined with your self-employment earnings, would take you over the Social Security wage limit. If you do go over the wage limit, your self-employment tax would be less, making your allowable employer contribution slightly more.
‎November 30, 2023
12:50 PM
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