Solved: Does a 75 year old independent contractor have to pay self employment tax
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1984hanswj
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Does a 75 year old independent contractor have to pay self employment tax

 
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MichaelMc
New Member

Does a 75 year old independent contractor have to pay self employment tax

There is no upper age limit on a taxpayer's liability for FICA taxes.

If, in any tax year, you have net earnings from self-employment of $400 or more, you must file a tax return and pay self-employment tax (the employer's and employee's share of Social Security and Medicare taxes) on that income.

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MichaelMc
New Member

Does a 75 year old independent contractor have to pay self employment tax

There is no upper age limit on a taxpayer's liability for FICA taxes.

If, in any tax year, you have net earnings from self-employment of $400 or more, you must file a tax return and pay self-employment tax (the employer's and employee's share of Social Security and Medicare taxes) on that income.

View solution in original post

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