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Employee
May 22, 2024
Question

self-employment tax

  • May 22, 2024
  • 1 reply
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If charitable contributions come from my income from self-employment, will this reduce my self-employment tax?

1 reply

May 22, 2024

In general you cannot make a charitable contribution if your self employed to reduce your self employment tax. The only place to deduct is if you itemize on your 1040.

Small Business Saturday and Giving Back, A Guide for the Self-Employed

Charitable Contributions