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Self employment tax, is there such a thing as a credit for self employment tax paid the previous year?

 
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RichardG
New Member

Self employment tax, is there such a thing as a credit for self employment tax paid the previous year?

Your self-employment tax is calculated and payed annually, and you receive a deduction for half of your self-employment tax on that year's tax return.  There is no credit for last year's self-employment tax.

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