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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