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Business & farm
When you enter your self-employment income you must prepare a Schedule C for your business expenses and there will also be a Schedule SE prepared. You pay self-employment tax for Social Security and Medicare ---which is then reported to SS and included in your SS credits.
https://ttlc.intuit.com/community/self-employed/help/what-is-the-self-employment-tax/00/25922
business-expenses-like-home/L1k6HJY4A_US_en_US?uid=m6jrthmp
**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**
‎February 4, 2025
12:52 PM