JohnB5677
Expert Alumni

Deductions & credits

DavidD66 is correct. 

 

The work you are doing is being considered a private contractor's position as opposed to an employee.  I don't think you'd question if you got a W-2 that it was employment income.

 

The tasks you performed as a private contractor are self-employment income, and it is being correctly posted that way.  This income is not only subject to income tax, but it will also incur a 15.3% self employment tax (Social Security & Medicare).   

 

 

@acmiskho

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