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January 22, 2023
Question

Do I include the Employer FICA payroll tax deduction under expenses (Taxes) under self employed, or does TT automatically deduct it if I don't list it?

  • January 22, 2023
  • 1 reply
  • 0 views
Typically, I would list it as a qualified expense....but I noticed that after I listed it, TT listed a similar addition deduction.

1 reply

January 22, 2023

you can not take a schedule C deduction for the "employer's" share of payroll taxes for your SE income only for that you paid for employees. Turbotax computes your SE taxes and 1/2 gets deducted on schedule 1 line 15