Does the running total on my return include self employment tax? Or does that need to be figured separately?

paulhammons · ‎January 17, 2020

xmasbaby0 · ‎January 17, 2020

The refund monitor does not mean anything until you have everything entered. But, if you enter your self-employment income and prepare your schedule C the software will calculate your self-employment tax. That will be figured in to your refund or tax due.

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**

TomD8 · ‎January 17, 2020

And so the running total won't include your SE tax until after you've completed your Schedule C.

**Answers are correct to the best of my ability but do not constitute tax or legal advice.

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Does the running total on my return include self employment tax? Or does that need to be figured separately?