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cvegiri
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I am doing self employed taxes for the first time. Can i see in turbo tax how much of my estimated taxes is allocated to my social security and medicare ?

My husband and i file jointly. He usually receives a W2. I have never had an income before. This is the first time i have an income through self employment. Thanks !
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I am doing self employed taxes for the first time. Can i see in turbo tax how much of my estimated taxes is allocated to my social security and medicare ?

Yes do a preview of your 1040 and you will see this.

To Preview a copy of the Form 1040 prior to paying for TurboTax.
A.     Go to Tools in left side of screen and click on Tools
B.    A box titled: Tool Center will open and below the 3 boxes is: Other helpful Links…
C.    Click on the first one: View Tax Summary
D.    Then in left side of screen click on: Preview My 1040
E.    You can scroll up and down and see the numbers on a working copy of your Form 1040

it is line 57 self-employment tax (also on Sch 4)


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2 Replies

I am doing self employed taxes for the first time. Can i see in turbo tax how much of my estimated taxes is allocated to my social security and medicare ?

Yes do a preview of your 1040 and you will see this.

To Preview a copy of the Form 1040 prior to paying for TurboTax.
A.     Go to Tools in left side of screen and click on Tools
B.    A box titled: Tool Center will open and below the 3 boxes is: Other helpful Links…
C.    Click on the first one: View Tax Summary
D.    Then in left side of screen click on: Preview My 1040
E.    You can scroll up and down and see the numbers on a working copy of your Form 1040

it is line 57 self-employment tax (also on Sch 4)


cvegiri
New Member

I am doing self employed taxes for the first time. Can i see in turbo tax how much of my estimated taxes is allocated to my social security and medicare ?

Thanks for the clear and helpful response!
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