Yes I was going to mention that. You get to take off the 50% ER portion of the SE tax as an adjustment to your regular income on 1040. It will be on Schedule 1 line 15 which goes to 1040 line 10.
You are paying 15.3% SE Tax for…..
SS for employer 6.2%
SS for employee 6.2%
Medicare for employer 1.45%
Medicare for employee 1.45%
