I have a freelance job that’s multimedia without any expenses that can be used to write off deductions. What is the rate of self employment tax for this income? 15% or higher since no deduction?
The IRS states that the self-employment tax 2019 rate is 15.3 percent on the first $132,900 of net income plus 2.9 percent on the net income in excess of $132,900.
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