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Self-Employment Tax and Social Security Payment
My wife and I are both retired and living on social security. She started an Etsy business in 2021, which produces a minimum income ($3,000 in 21), which I included on our joint 2022 income tax return. However, the income wasn't enough to exceed the standard deduction allowance when filing through TurboTax. Am I still required to file self-employment taxes and pay into social security? If age is any consideration, I am 75 and she is 73.
‎August 30, 2023
9:21 AM