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Business & farm
Line 7 is a set amount. It is prefilled on the blank form. It's just the max income you pay Social Security tax on. If you make more than $137,000 you don't need to pay Social Security tax on you wages or self employment income. See the blank SE here, read it close.
https://www.irs.gov/pub/irs-pdf/f1040sse.pdf
ā€ˇFebruary 16, 2021
8:09 PM