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Can I deduct a percentage of my self employment tax?

 
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2 Replies
pk
Level 15
Level 15

Can I deduct a percentage of my self employment tax?

@doriamcmanious , when you tell TurboTax that  you have a 1099-NEC or that  you are self-employed / single member LLC, it will walk you through the process of filling out Schedule-C and then Schedule-SE.  50% of the SE Taxes  would appear as an adjustment  on 1040  ( to make it fair  compared to the wage earners / W-2 ).

 

Is this what you are asking about ? 

JamesG1
Expert Alumni

Can I deduct a percentage of my self employment tax?

The deductible portion (50%) of self-employment tax is deducted on line 15 of Schedule 1 Additional Income and Adjustments to Income.

 

 

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