- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Should my self-employment tax rate of 329.58% be this high?
I finished entering my information for some self-employment and I checked the calculation of the self-employment tax and received the following: "The self-employment tax came from self-employment income of $382 and a tax rate of 329.58%. This comes from taxes you pay for Medicare and Social Security. The $1,259 you owe in self-employment tax is included in your refund amount". I am very confused, does this make sense to anyone else?
‎April 10, 2025
4:32 PM