turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

Am I suppose to pay tax with Nonemployee income $14,221

 
Connect with an expert
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

2 Replies

Am I suppose to pay tax with Nonemployee income $14,221

Yes, self employment tax.  Self Employment tax (Scheduled SE) is automatically generated if a person has $400 or more of net profit from self-employment.  You pay 15.3% SE tax on 92.35% of your Net Profit (If it is greater than $400).  The 15.3% self employed SE Tax is to pay both the employer part and employee part of Social Security and Medicare.  So you get social security credit for it when you retire.  

 

The self employment tax is in addition to any regular tax you might owe.

 

 

172540
Returning Member

Am I suppose to pay tax with Nonemployee income $14,221

Need help with federal review to finish, it's telling me to remove link that does not apply I can't proceed from this situation. m # is [removed] e-mail is [email address removed] thx.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
Manage cookies