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Get your taxes done using TurboTax
Age is not a factor for payment of Social Security and Medicare Taxes. If you are not receiving a W-2 from your employer then you are Self-Employed. If you have a net profit from the self-employment you will owe Self-Employment taxes on the income. You pay SE Taxes of 15.3% on your SE income, which is both the employer and employee portion of SS and Medicare taxes.
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‎April 25, 2025
3:41 AM
4,681 Views