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New Member
posted Jun 7, 2019 3:39:02 PM

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

if not, how do I calculate and pay them?

0 2 2972
2 Replies
Level 7
Jun 7, 2019 3:39:05 PM

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.

New Member
Mar 10, 2021 5:52:12 AM

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 !