Does 'Payroll taxes' include both employee and employer share of taxes?
S Corp, I'm the only employee. I pay myself $25,000. Is the payroll taxes the entire $411 I pay in EFTPS each month, which includes both the employer and employee's share of taxes? Or is 'payroll taxes' just the employer's share?
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1 Replies
DianeW777
Expert Alumni
Feb 1, 2025 2:27:08 PM
It should be just the employer share if you listed the gross wages for employee wages.
It makes sense to have the gross wages in that expense category for any future review of your return. Then only the employer share of payroll taxes in the 'Payroll taxes' slot.