topic Is self employment tax at 15.3% rate same as SS tax? I'm a dependent with only $715 on 1099- MISC as independent contractor. I looked at Schedule SE & Form 8919 in Get your taxes done using TurboTax

Is self employment tax at 15.3% rate same as SS tax? I'm a dependent with only $715 on 1099- MISC as independent contractor. I looked at Schedule SE & Form 8919

dupa--95 — Mon, 03 Jun 2019 17:12:06 GMT

Self-employment tax has two parts to it - social security...

AnthonyC — Mon, 03 Jun 2019 17:12:08 GMT

Self-employment tax has two parts to it - social security tax (12.4%) and medicare tax (2.9%). When you have a 1099-MISC, you are responsible for paying the full amount of self employment tax. When you have a W2 job, you and your employer split the cost of SE tax, so you each pay 7.65%.

topic Is self employment tax at 15.3% rate same as SS tax? I'm a dependent with only $715 on 1099- MISC as independent contractor. I looked at Schedule SE &amp; Form 8919 in Get your taxes done using TurboTax

Is self employment tax at 15.3% rate same as SS tax? I'm a dependent with only $715 on 1099- MISC as independent contractor. I looked at Schedule SE & Form 8919

Self-employment tax has two parts to it - social security...

topic Is self employment tax at 15.3% rate same as SS tax? I'm a dependent with only $715 on 1099- MISC as independent contractor. I looked at Schedule SE & Form 8919 in Get your taxes done using TurboTax