My w-2 income is over $128,400. Why is turbo tax calculating self-employment tax on my self-employment income?

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My w-2 income is over $128,400. Why is turbo tax calculating self-employment tax on my self-employment income?

For 2018, the maximum amount of earned income subject to Social Security tax is $128,400. So, if your W-2 income is over $128,400, self-employment tax will not be computed on your self-employment income, for Social Security tax purposes.

For 2019, the relevant figure is $132,900.

However, a smaller percentage of self-employment tax will still be assessed for Medicare tax, above that ceiling.

Please see lines 8a through 11 of Schedule SE for illustration.

[Edited 3|16|2020 1:01 pm]

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My w-2 income is over $128,400. Why is turbo tax calculating self-employment tax on my self-employment income?

why do you think you should not pay SE tax on SE income ?

My w-2 income is over $128,400. Why is turbo tax calculating self-employment tax on my self-employment income?

For 2018, the maximum amount of earned income subject to Social Security tax is $128,400. So, if your W-2 income is over $128,400, self-employment tax will not be computed on your self-employment income, for Social Security tax purposes.

For 2019, the relevant figure is $132,900.

However, a smaller percentage of self-employment tax will still be assessed for Medicare tax, above that ceiling.

Please see lines 8a through 11 of Schedule SE for illustration.

[Edited 3|16|2020 1:01 pm]

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