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Level 1

Question

Does Turbo Tax calculate and include the social security and Medicare taxes on my independent contractor income?

Forum|Forum|7 years ago
June 7, 2019
1 reply
10 views

if not, how do I calculate and pay them?

TurboTax Deluxe Online

Level 12

Yes. TurboTax calculates these taxes automatically on independent contractor income and includes them on your tax return. They are called self-employment taxes and you will find them on line 57 of your Form 1040. Also, a Schedule SE will be attached to your return showing the calculation of these taxes.

Level 2

I went to a SSA office locally and it do not appear as reported from my Turbo Tax since it was filed on 2017,2018,2019. They said I have to go to IRS to resolve this issue. I am still in need !