topic Yes that is correct. in Retirement tax questions

If my w-2 income was already over the social security limit do I also pay self-employment tax on my self-employment income?

beccaviol — Thu, 06 Jun 2019 16:10:09 GMT

No once you hit the cap on Social Security with the wages...

MichaelL1 — Thu, 06 Jun 2019 16:10:10 GMT

No once you hit the cap on Social Security with the wages, that will be entered by TurboTax in the Self-employment tax computation.

EDITED: 2-1-2018 3:40 PM (CST)

Attached is the link to SE computation form: https://www.irs.gov/pub/irs-pdf/f1040sse.pdf

Notice Sch B: part 1, line 8a this is where the wages will be. It is social security only that stops and medicare tax continues as mentioned in the comment.

But you will still have Medicare taxes on it.

BobinCT — Thu, 06 Jun 2019 16:10:13 GMT

But you will still have Medicare taxes on it.

Yes that is correct.

MichaelL1 — Thu, 06 Jun 2019 16:10:14 GMT

Yes that is correct.