DawnC
Expert Alumni

Deductions & credits

TurboTax automatically excludes unemployment income of up to $10,200 if your adjusted gross income is below certain thresholds.   However, this exclusion only affects your unemployment income.  It does not affect your self-employment income, so you will still be paying taxes on the total of your self-employment income.   It is still income to you, that portion is just not included as taxable income on your tax return.  

 

You pay both ordinary income tax and the Self-Employment Tax on your self-employment income.   Unemployment is not considered self-employment income.  

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