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Does turbo tax make payments to social security taxes when doing self employed taxes?

 
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IreneS
Intuit Alumni

Does turbo tax make payments to social security taxes when doing self employed taxes?

Yes. TurboTax calculates the self-employment tax as part of your return.  Self-employment tax (SE tax) is the Social Security and Medicare tax paid by self-employed individuals. It is similar to FICA which is the Social Security and Medicare taxes withheld from an employee’s paycheck.

The self-employment tax is included with any regular tax on your 1040.  Any payments you make with your return go straight to the IRS.


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