How do I know if I contributed to my Schedule SE for 2018 when I did my taxes?

wendyelizabethcl — Sun, 30 Jun 2019 16:18:21 GMT

Re: How do I know if I contributed to my Schedule SE for 2018 when I did my taxes?

VolvoGirl — Sun, 30 Jun 2019 16:21:17 GMT

Schedule SE is the self employment tax.

Self Employment tax (Scheduled SE) is automatically generated if a person has $400 or more of net profit from self-employment. You pay 15.3% SE tax on 92.35% of your Net Profit greater than $400. The 15.3% self employed SE Tax is to pay both the employer part and employee part of Social Security and Medicare. So you get social security credit for it when you retire. You do get to take off the 50% ER portion of the SE tax as an adjustment on 1040 Schedule 1 line 27. The SE tax is already included in your tax due or reduced your refund. It is on the 1040 Schedule 4 line 57 which goes to 1040 line 14. The SE tax is in addition to your regular income tax on the net profit.

Re: How do I know if I contributed to my Schedule SE for 2018 when I did my taxes?

VolvoGirl — Sun, 30 Jun 2019 16:22:55 GMT

Or are you asking about estimated payments you made during the year to cover the SE tax?

topic How do I know if I contributed to my Schedule SE for 2018 when I did my taxes? in After you file

How do I know if I contributed to my Schedule SE for 2018 when I did my taxes?

Re: How do I know if I contributed to my Schedule SE for 2018 when I did my taxes?

Re: How do I know if I contributed to my Schedule SE for 2018 when I did my taxes?