I am an independent contractor. How do I pay my Social Security taxes?

[sjgmaggie]

If I need to pay Social Security Taxes, how do I know how much I need to pay?  What form(s) do I need?

[Marketstar · Accepted solution]

After entering all of your business income and expenses, TurboTax will automatically create a Schedule SE which is self-employment tax to include Social Security tax.

You will only incur this tax if you have net income. If you had a loss, you will not owe self employment tax

This amount due, if any, will be factored into your refund or tax due.