I read somewhere that self-employment tax was no longer owed after full retirement age. Is this correct?
I read that after age 67, IRS no longer collected self employment tax but TurboTax calculated it. Is that one of the loopholes closed in the new tax law?
I read somewhere that self-employment tax was no longer owed after full retirement age. Is this correct?
I know there is a lot of conflicting information when it comes to taxes owed once you retire. Unfortunately, not all of it is true. The self-employment tax rules apply no matter how old you are and even if you are already receiving Social Security or Medicare.
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.