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SA70
Level 1

Do I have to pay self employment taxes if my Adjusted Gross Income comes out negative?

 
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RobertB4444
Employee Tax Expert

Do I have to pay self employment taxes if my Adjusted Gross Income comes out negative?

If your self employment income is negative then you have no worries at all.

 

@SA70 

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3 Replies

Do I have to pay self employment taxes if my Adjusted Gross Income comes out negative?

Yes.  Self-Employment taxes are separate from federal income taxes owed and are not based on your AGI but on your net self-employment income.

SA70
Level 1

Do I have to pay self employment taxes if my Adjusted Gross Income comes out negative?

But as the religious employment is consider an uncommon situation, even if in turbotax I click on "pay self employment tax" the program puts zero automatically if the AGI is negative. Just wanted to make sure that is correct or if I have to override it. Thank you

RobertB4444
Employee Tax Expert

Do I have to pay self employment taxes if my Adjusted Gross Income comes out negative?

If your self employment income is negative then you have no worries at all.

 

@SA70 

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
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