Yes.
When you are a W-2 employee, your employer withholds FICA Tax (Social Security tax) from your pay. The employer also pays a portion and sends it all in quarterly for the employee.
When you are self-employed, you are responsible to make that payment yourself, and that is done on your federal tax return.
This is called "Self-Employment Tax" but it is the same as FICA Tax.
This is charged after credits on your tax return, because credits can't offset this tax like they can your income tax liability.
This tax is to fund your Social Security Account, so it is handled differently, but still included in your final tax due on your federal return.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
