ChristinaS
Expert Alumni

Retirement tax questions

Social Security and Medicare tax are a part of the Self-Employment tax (SE tax). The SE tax is automatically added to your federal tax return based on the net income from self-employment. You add your income, you deduct your expenses... ..SE tax is automatically applied to the net result. This is how a self-employed person pays into Social Security.

If you have a net profit over $400, you can see the SE tax on line 57:

  • My Account
  • Tools
  • View Tax Summary
  • Preview 1040