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Old 06-17-2010, 08:32 AM
Bill H's Avatar
Bill H Bill H is offline
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Join Date: Jan 2003
Location: Concord Ca.
Posts: 653
Default Self Employment Tax ???

I've been self employed since Jan. of this year and finally figured out how much and where to send estimated tax payments.

First question is :how does the social security and med. get paid, is it taken out of the payments I send to the Feds. or do I have to make a separate payment?

Second: When it comes to tax time how do I know how much I paid into social security so I can deduct half of it?

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