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Solved

Do I have to pay self employment taxes if my Adjusted Gross Income comes out negative?

Forum|Forum|2 years ago
March 1, 2024
1 reply
0 views

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Best answer by RobertB4444

If your self employment income is negative then you have no worries at all.

Employee

Yes. Self-Employment taxes are separate from federal income taxes owed and are not based on your AGI but on your net self-employment income.

SA70Author

But as the religious employment is consider an uncommon situation, even if in turbotax I click on "pay self employment tax" the program puts zero automatically if the AGI is negative. Just wanted to make sure that is correct or if I have to override it. Thank you

RobertB4444Answer

If your self employment income is negative then you have no worries at all.

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