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June 1, 2019
Question

Does entering more than one line of work increase the self employment tax that you owe?

  • June 1, 2019
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1 reply

June 1, 2019

No, if you file more than one Schedule C for self-employment it will not increase your self-employment taxes.  They would be netted together and flow to your Form 1040.

The self-employment tax rate of 15.3% plus your ordinary income tax rate (which depends on your taxable income and filing status).