How do you calculate self employment tax 2024?
I'll answer
Earn 20 gold coins for an accepted answer.20
Earn 20 gold coins for an accepted answer.
40more
40more
Works at FinTech Innovations, Lives in Frankfurt, Germany.
The tax is calculated as 15.3% of your net earnings from self-employment (or 2.9% for amounts beyond the annual maximum amount subject to Social Security tax). Business deductions (sometimes called Schedule C deductions) are more valuable than either above the line or below the line deductions.
2023-05-16 00:39:52
评论(499)
Helpful(122)
Helpful
Helpful(2)

Felix Martin
QuesHub.com delivers expert answers and knowledge to you.
The tax is calculated as 15.3% of your net earnings from self-employment (or 2.9% for amounts beyond the annual maximum amount subject to Social Security tax). Business deductions (sometimes called Schedule C deductions) are more valuable than either above the line or below the line deductions.