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Where do I add the amount I paid in self-employment taxes?
I am filling out my business tax information and the amount that Turbo Tax is calculating for my self-employment taxes is different than the amount I paid. Is there somewhere I will be entering the actual paid amount?
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Where do I add the amount I paid in self-employment taxes?
Yes, if you are referring to estimated taxes (which include income as well as self employment taxes) paid in 2016:
To enter estimated taxes paid (Federal, State, Local)
- Click on Federal Taxes (Personal using Home and Business)
- Click on Deductions and Credits
- Click on I'll choose what I work on (if shown)
- Scroll down to Estimates and Other Taxes Paid
- On Estimates, click on the start or update button
Click Start or Update next to the taxes you paid in 2016
OR:
Type in estimated taxes paid in the search box, top right of your screen, then click the magnifying glass
Click the jump to estimated taxes paid ink in the search results
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