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Get your taxes done using TurboTax
Sounds like you need legal advice from your own divorce attorney. Independent contractors pay self-employment tax for Social Security and Medicare---about 15.3%. And the person who pays the contractor uses the amount they paid to the contractor as a deduction. Claiming that a divorce settlement is payment as an independent contractor would be fraudulent.
**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**
‎June 19, 2025
11:21 AM