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Why pay self-employment tax when I'm already retired and drawing Social Security?
I am 78 years old and have been drawing Social Security income for a number of years. I have a small business selling antiques and TurboTax says I have to pay self-employment taxes on that income. Do those taxes get added to my Social Security account to increase my benefit? It doesn't make sense to me.
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March 2, 2022
9:12 PM