DawnC
Expert Alumni

Self employed

You are not paying twice, but you are paying for both the employer and employee portions of the Self-Employment tax.  The total tax is 15.3%.   The employer pays 7.65% and the employee pays 7.65%.   Since you are both employee and employer, you pay the full 15.3%, on net earnings.   But you can deduct the employer portion as a business expense - TurboTax does this automatically.   

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