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How do you pay Social Security if you are self employed 2024?

Lily Patel | 2023-05-20 14:42:19 | page views：1359
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Lucas Rodriguez

Works at the International Development Association, Lives in Washington, D.C., USA.
If you're self-employed, you pay the combined employee and employer amount, which is a 12.4 percent Social Security tax on up to $128,400 of your net earnings and a 2.9 percent Medicare tax on your entire net earnings. ... Second, you can deduct half of your Social Security tax on IRS Form 1040.
2023-05-26 14:42:19
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Lucas Rivera

QuesHub.com delivers expert answers and knowledge to you.
If you're self-employed, you pay the combined employee and employer amount, which is a 12.4 percent Social Security tax on up to $128,400 of your net earnings and a 2.9 percent Medicare tax on your entire net earnings. ... Second, you can deduct half of your Social Security tax on IRS Form 1040.
If You Are Self-Employed - Social Security
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