topic In 2017, my wages maxed out FICA, however separately I had $10k of consulting income (1099). in Get your taxes done using TurboTax https://ttlc.intuit.com/community/taxes/discussion/in-2017-my-wages-maxed-out-fica-however-separately-i-had-10k-of-consulting-income-1099/01/388431#M160682 <P>Do I need to send SSA the employer portion of that $10k. Is there a specific tax form I need complete for this self-employment income or just 2017 1040.&nbsp;<BR /></P> Tue, 04 Jun 2019 19:14:54 GMT VAtaxman 2019-06-04T19:14:54Z In 2017, my wages maxed out FICA, however separately I had $10k of consulting income (1099). https://ttlc.intuit.com/community/taxes/discussion/in-2017-my-wages-maxed-out-fica-however-separately-i-had-10k-of-consulting-income-1099/01/388431#M160682 <P>Do I need to send SSA the employer portion of that $10k. Is there a specific tax form I need complete for this self-employment income or just 2017 1040.&nbsp;<BR /></P> Tue, 04 Jun 2019 19:14:54 GMT https://ttlc.intuit.com/community/taxes/discussion/in-2017-my-wages-maxed-out-fica-however-separately-i-had-10k-of-consulting-income-1099/01/388431#M160682 VAtaxman 2019-06-04T19:14:54Z When you complete the Sch C section of the program it wil... https://ttlc.intuit.com/community/taxes/discussion/when-you-complete-the-sch-c-section-of-the-program-it-wil/01/388437#M160685 <P>When you complete the Sch C section of the program it will automatically compute the SE taxes you owe taking into consideration the SS tax cap that you hit and the tax will be added to your federal income tax bill on the form 1040.&nbsp;</P> Tue, 04 Jun 2019 19:14:55 GMT https://ttlc.intuit.com/community/taxes/discussion/when-you-complete-the-sch-c-section-of-the-program-it-wil/01/388437#M160685 Critter 2019-06-04T19:14:55Z ... and since you already maxed out FICA at your W-2 empl... https://ttlc.intuit.com/community/taxes/discussion/and-since-you-already-maxed-out-fica-at-your-w-2-empl/01/388445#M160689 ... and since you already maxed out FICA at your W-2 employer, the result on Schedule SE will be that you owe no Social Security taxes on your self-employment income, only the 2.9% Medicare taxes. Tue, 04 Jun 2019 19:14:57 GMT https://ttlc.intuit.com/community/taxes/discussion/and-since-you-already-maxed-out-fica-at-your-w-2-empl/01/388445#M160689 dmertz 2019-06-04T19:14:57Z
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topic In 2017, my wages maxed out FICA, however separately I had $10k of consulting income (1099). in Get your taxes done using TurboTax
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https://ttlc.intuit.com/community/taxes/discussion/in-2017-my-wages-maxed-out-fica-however-separately-i-had-10k-of-consulting-income-1099/01/388431#M160682
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<P>Do I need to send SSA the employer portion of that $10k. Is there a specific tax form I need complete for this self-employment income or just 2017 1040.&nbsp;<BR /></P>
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In 2017, my wages maxed out FICA, however separately I had $10k of consulting income (1099).
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<P>Do I need to send SSA the employer portion of that $10k. Is there a specific tax form I need complete for this self-employment income or just 2017 1040.&nbsp;<BR /></P>
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When you complete the Sch C section of the program it wil...
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<P>When you complete the Sch C section of the program it will automatically compute the SE taxes you owe taking into consideration the SS tax cap that you hit and the tax will be added to your federal income tax bill on the form 1040.&nbsp;</P>
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... and since you already maxed out FICA at your W-2 empl...
</title>
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https://ttlc.intuit.com/community/taxes/discussion/and-since-you-already-maxed-out-fica-at-your-w-2-empl/01/388445#M160689
</link>
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... and since you already maxed out FICA at your W-2 employer, the result on Schedule SE will be that you owe no Social Security taxes on your self-employment income, only the 2.9% Medicare taxes.
</description>
<pubDate>Tue, 04 Jun 2019 19:14:57 GMT</pubDate>
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