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Question

How to claim a tax credit on self-employment tax?

Forum|Forum|1 year ago
April 12, 2024
2 replies
0 views

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TurboTax Deluxe Online

If you are subject to self-employment tax, you will receive a deduction for 1/2 of the amount of self-employment tax. This is populated automatically in your return and reported on line 17 in Schedule 1. You don't need to do anything to report this deduction.

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Employee

What credit are you expecting?

There is no credit associated with self-employment tax, only a deduction for half of the tax, as mentioned by @DaveF1006

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