I own my own business, how can i pay social security

Shirley3 · ‎June 4, 2019

I would like to pay social security taxes on my business so that I can eventually qualify for the benefit.

SherylSTaxExpert · ‎June 4, 2019

If you are a Schedule C filer or a Partnership, social security is credited to you (based on the net profit of the business) via self-employment taxes. If you filed a Schedule C, you will see Schedule SE included within your taxes.

If you are set up as another business type (such as an SCorp), you pay into Social Security via the payroll taxes on the salary that you would be required to take.

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SherylSTaxExpert · ‎June 4, 2019

If you are a Schedule C filer or a Partnership, social security is credited to you (based on the net profit of the business) via self-employment taxes. If you filed a Schedule C, you will see Schedule SE included within your taxes.

If you are set up as another business type (such as an SCorp), you pay into Social Security via the payroll taxes on the salary that you would be required to take.