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Yes, any self employment tax due is already being calculated into your tax due with your 2016 return (or subtracted from any refund you expect to receive). The SE tax is paid along with any income taxes you owe and it is all done on your Form 1040. There is no need for any additional payments to satisfy this tax. You can see SE tax on Line 57 of Form 1040.
Also, self employment taxes aren't a penalty. They are the social security and medicare taxes you must pay. When you have a W2 job, these taxes get taken out of your paycheck automatically and are split between you and your employer. When you are self-employed, however, you have to pay the full amount yourself.
Yes, any self employment tax due is already being calculated into your tax due with your 2016 return (or subtracted from any refund you expect to receive). The SE tax is paid along with any income taxes you owe and it is all done on your Form 1040. There is no need for any additional payments to satisfy this tax. You can see SE tax on Line 57 of Form 1040.
Also, self employment taxes aren't a penalty. They are the social security and medicare taxes you must pay. When you have a W2 job, these taxes get taken out of your paycheck automatically and are split between you and your employer. When you are self-employed, however, you have to pay the full amount yourself.
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