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Why do I have to pay the Self employment tax for the SS and Medicare if I am on SS and Medicare now?
Don't understand if I have already paid for the benefits; Why does IRS require me to keep paying?
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Why do I have to pay the Self employment tax for the SS and Medicare if I am on SS and Medicare now?
As long as you have net self-employment income of $400 or more, you'll owe self-employment tax, regardless of whether you're eligible to receive Social Security or Medicare.
There's no age at which you do not pay into Social Security, either as an employee or as a self-employed individual.
That's just the way the tax laws are written.
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