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March 1, 2025
Question

DID TURBO TAX CALCULATE MY SELF EMPLOYMENT BUSINESS TAX AS PART OF THEIR ITEMIZATION OF MY TAXES?

  • March 1, 2025
  • 1 reply
  • 0 views
DOES $8553 SELF EMPLOYMENT TAX ALREADY REFLECT MY QUALIFIED DEDUCTION?

    1 reply

    DoninGA
    Employee
    March 1, 2025

    Self-employment taxes are calculated using Schedule SE.

    The SE taxes flow to Schedule 2 Line 4.  The totals from Schedule 2 Line 21 flow to Form 1040 Line 23

     

    You can view your Form 1040 plus Schedules 1, 2 and 3 at any time using the online editions. Click on Tax Tools on the left side of the online program screen. Click on Tools. Click on View Tax Summary. Click on Preview my 1040 on the left side of the screen.