topic Is solar energy credit only apply to income tax due and not to self emlpoyenet tax for social security? in Self employed

Is solar energy credit only apply to income tax due and not to self emlpoyenet tax for social security?

Pceledon — Mon, 13 Apr 2020 21:35:15 GMT

If a I do not owe Federal Insome Tax but owe Self- Employment social security Tax, will my Solar Energy credit be applied to to the Self- Employment tax? I computed on Turbo tax but it does not carry over to the self-employemnt tax. Please advise. Pete C

Re: Is solar energy credit only apply to income tax due and not to self emlpoyenet tax for social...

ColeenD3 — Mon, 13 Apr 2020 22:17:37 GMT

No. Self-employment tax is a completely different tax. It is put toward your social security and medicare accounts. It is not Federal income tax.

Re: Is solar energy credit only apply to income tax due and not to self emlpoyenet tax for social...

Pceledon — Tue, 14 Apr 2020 01:44:47 GMT

Thank you Coleeen, you confirmed my answer. Pete C