If your Self-Employed is retirement deducted from your Federal taxes?
01683
1 Replies
xmasbaby0
Level 15
Apr 22, 2019 5:53:26 PM
If you are self-employed you pay self-employment tax for Social Security and Medicare, if that is what you are asking. The SE tax is about 15% of your self-employment income. You also pay ordinary income tax if you are self=employed.