Skip to main content
February 20, 2025
Question

Can I deduct a percentage of my self employment tax?

  • February 20, 2025
  • 2 replies
  • 0 views
No text available

    2 replies

    Employee
    February 20, 2025

    @doriamcmanious , when you tell TurboTax that  you have a 1099-NEC or that  you are self-employed / single member LLC, it will walk you through the process of filling out Schedule-C and then Schedule-SE.  50% of the SE Taxes  would appear as an adjustment  on 1040  ( to make it fair  compared to the wage earners / W-2 ).

     

    Is this what you are asking about ? 

    February 20, 2025

    The deductible portion (50%) of self-employment tax is deducted on line 15 of Schedule 1 Additional Income and Adjustments to Income.

     

     

    See this TurboTax Help.

    **Say "Thanks" by clicking the thumb icon in a post**Mark the post that answers your question by clicking on "Mark as Best Answer"