For most people, calling it self employment is better. The earned Income Credit (EIC) is usually more than the social security tax. If you are claiming a child dependent, the earned income may also result in more Child Tax Credit
But the only way to be sure is run the numbers. The self employment tax (social security & medicare tax) will be approx. 14% of the amount. You need to compare that to the EIC you will get if you call it self employment (earned income). Look up your EIC amount(s) in this table: (page 30): <a rel="nofollow" target="_blank" href="
https://www.irs.gov/pub/irs-pdf/p596.pdf">https://www.irs.gov/pub/irs-pdf/p596.pdf</a>
The earned income credit is first calculated (actually looked up in a table) on your earned income then it is calculated on your total income (AGI). You get the lesser of the two calculated EIC numbers.
Or you can use this tool to do trial returns: <a rel="nofollow" target="_blank" href="
https://turbotax.intuit.com/tax-tools/calculators/taxcaster/?s=1">https://turbotax.intuit.com/tax-to...>
