RobertB4444
Expert Alumni

Get your taxes done using TurboTax

The non-farm optional method is a lower tax on self-employed earnings as long as they are below $7,493 and less than 72.189% of your gross (non-farm) income.  

 

So if you can take advantage of it you should.  However, you can only do it for five years (the years don't have to be consecutive).

 

@annh89 

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