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missa400
New Member

I am self employed. Can I deduct any potion of my 15.3% self employment tax? And if so, what percent? And where do I enter that (Line 27) in TurboTax?

 
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RichardG
New Member

I am self employed. Can I deduct any potion of my 15.3% self employment tax? And if so, what percent? And where do I enter that (Line 27) in TurboTax?

Yes, you deduct half of your self-employment tax on your Form 1040.  In fact, TurboTax will do that for you automatically.  There's nothing you need to do.

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1 Reply
RichardG
New Member

I am self employed. Can I deduct any potion of my 15.3% self employment tax? And if so, what percent? And where do I enter that (Line 27) in TurboTax?

Yes, you deduct half of your self-employment tax on your Form 1040.  In fact, TurboTax will do that for you automatically.  There's nothing you need to do.

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