@SusanY1
Thanks for your input. As far as I understand, SS tax is capped up to income of $137700 for 2020, but Medicare tax is taxed up to maximum income.
If I have W-2 income exceeding $137700 and on top of that 1099 income which I have to pay SE tax on, can I allow my SS tax liability to be focused on W-2 in come where employer is covering their portion?
I understand Medicare tax would be taxed at 1.45% for W-2 income and 2.9% for SE income, and additional 0.9% on top of that on income above $200k.
