LeonardS
Expert Alumni

Retirement tax questions

Yes, you will pay social security tax on wages reported on your W-2,  The tax will be withheld by your employer and sent to the social security department.  If you have self-employment over $400 you will be required to pay social security tax on that income. This TurboTax link will guide you through the process of paying your self-employment tax.  How do I report income from self-employment?

 

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