BigOrangeMojo
The Member in Miss December
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- Jan 24, 2017
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Help me understand how I’m getting a social security deduction when I pay 15% self employment tax?
Yes, you do pay 15.3% (most cases) self employment tax. You do get a deduction
for half of your self employment tax to reduce your taxable income on page 1, line 10.
You should be able to see this deduction on Schedule SE and Schedule 1, Line 15.