Mainly Interested whether you can claim as an Expense the Employers share of Medicare and Social Security Tax You paid for Employee. If so under which Expense Category as listed under Turbo Tax Business Expense deductions?
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Yes, you can deduct as a business expense the employer's share of Social Security and Medicare tax. They are listed as Payroll Taxes under Taxes and Licenses.
Yes, you can deduct as a business expense the employer's share of Social Security and Medicare tax. They are listed as Payroll Taxes under Taxes and Licenses.
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