Reporting self employment income

trberkovich — Wed, 22 Oct 2025 16:26:20 GMT

For 2025, my son will be reporting income entirely for self-employment. I understand that he must complete Schedule C, correct? If yes, how can Schedule C be accessed in TurboTax? Also, I understand that he must plan on paying 16.2% of his income for social security and Medicare, correct?

Re: Reporting self employment income

xmasbaby0 — Wed, 22 Oct 2025 16:29:37 GMT

If you have self-employment income for which you will pay self-employment tax for Social Security and Medicare, you will need to use online Premium software or any version of the desktop software download so that you can prepare a Schedule C for your business expenses.

https://ttlc.intuit.com/community/self-employed/help/how-do-i-report-income-from-self-employment/00/26653

https://ttlc.intuit.com/community/self-employed/help/what-is-the-self-employment-tax/00/25922

https://ttlc.intuit.com/turbotax-support/en-us/help-article/import-export-data-files/enter-self-employment-business-expenses-like-home/L1k6HJY4A_US_en_US?uid=m6jrthmp

If you live in a state with a state income tax, you might need to make estimated payments to your state.

https://turbotax.intuit.com/tax-tips/small-business-taxes/the-home-office-deduction/L1RZyYxzv

https://ttlc.intuit.com/turbotax-support/en-us/help-article/estimated-taxes/make-estimated-tax-payments/L5svMESaC_US_en_US?uid=mdna5aoh

https://turbotax.intuit.com/tax-tools/calculators/self-employed/

https://ttlc.intuit.com/community/business-taxes/discussion/self-employed-don-t-miss-these-tax-moves/00/3400413

https://ttlc.intuit.com/turbotax-support/en-us/help-article/import-export-data-files/enter-schedule-c/L5Fz3j5us_US_en_US?uid=m6a6gknk

https://ttlc.intuit.com/turbotax-support/en-us/help-article/payroll-additions-deductions/qualify-qualified-business-income-deduction/L0rM2cIIQ_US_en_US?uid=m5zpoxad

https://ttlc.intuit.com/turbotax-support/en-us/help-article/self-employment-taxes/self-employed-expenses-deduct/L37ZS1B8T_US_en_US?uid=m6fntpg7

Re: Reporting self employment income

AmeliesUncle — Thu, 23 Oct 2025 03:17:28 GMT

@trberkovich wrote:
Also, I understand that he must plan on paying 16.2% of his income for social security and Medicare, correct?

It is sort-of 15.3%, but in reality, it is about 14.1% of his business profit (the way the math works, it is actually 92.35% of 15.3%, which is roughly 14.1%).

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Reporting self employment income

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