- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Get your taxes done using TurboTax
Not an offset, a reduction. SE tax is self-employment tax - the Medicare and Social Security tax that w2 jobs take out when paid. Wherever you have self-employed income flowing in, that creates the tax. I know you have the Lyft on Sch C. You may have a k-1 with income earned that requires the SE tax since none was withheld.
You should be making estimated tax payments throughout the year when you have a Sch C. At least one each quarter but you can make a payment each paycheck or however you want to work it out. You don't want to owe a lot of money and have penalties added on top.
References:
- Form 1040-ES, Estimated Tax for Individuals - make payments online throughout the year
- Tax Guide for the Self-Employed: Everything You Need to Know | The TurboTax Blog
Small Business and Self-Employed Tax Center - complete IRS guide - my favorite - What is the self-employment tax?
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
**Mark the post that answers your question by clicking on "Mark as Best Answer"
‎February 24, 2026
4:27 PM