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New Member
posted Apr 12, 2024 1:47:01 PM

How to claim a tax credit on self-employment tax?

0 3 1958
3 Replies
Expert Alumni
Apr 12, 2024 1:53:27 PM

If you are subject to self-employment tax, you will receive a deduction for 1/2 of the amount of self-employment tax. This is populated automatically in your return and reported on line 17 in Schedule 1. You don't need to do anything to report this deduction.

Level 15
Apr 12, 2024 1:56:15 PM

What credit are you expecting?

Expert Alumni
Apr 15, 2024 10:22:10 AM

There is no credit associated with self-employment tax, only a deduction for half of the tax, as mentioned by @DaveF1006