LeticiaF1
Expert Alumni

Deductions & credits

When you are self-employed, the amount that gets reported to Social Security is your net income.  Your net income is your gross income minus any business expenses.  

 

If you are looking at Schedule SE, the amount is on line 4c.  If you look at Schedule C, your net income is on line 31.  

 

Calculating Your Net Earnings From Self-Employment

 

[Edited 4/08/25 | 8:38 AM PST]