topic Self employment tax in Get your taxes done using TurboTax

Self employment tax

jlarson2012 — Tue, 04 Jun 2019 21:24:03 GMT

I am filing with Turbo Tax Self-Employed portion. I will owe self employment tax. Does Turbo Tax pay this pit for me as well as my other federal income tax? OR Do I have to pay that out separately, they are just telling me how much they calculate I owe?

Of course TurboTax doesn't "pay" anything with respect to...

TomYoung — Tue, 04 Jun 2019 21:24:04 GMT

Of course TurboTax doesn't "pay" anything with respect to your taxes; you're the one that gets that nice job.

But, the Self Employment tax calculated by TurboTax is added to your taxes on Form 1040, line 57

https://www.irs.gov/pub/irs-pdf/f1040.pdf

and is part of the summing up of your "total tax".

Tom Young

Thank you Tom, yes, that is what I meant to communicate....

jlarson2012 — Tue, 04 Jun 2019 21:24:06 GMT

Thank you Tom, yes, that is what I meant to communicate. When I finish with Turbo Tax the amount of tax I owe and pay out will include both my federal income tax, and my self employment tax. I just wanted to make sure I did not leave out a step, or have to pay the self employment portion separately on my own. Thank you for the quick response!