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

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

493

Expert Alumni

Apr 13, 2020 3:17:37 PM

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.

Level 1

Apr 13, 2020 6:44:47 PM

Thank you Coleeen, you confirmed my answer. Pete C

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