Question

How do I check if I am receiving a self employment tax deduction? It is my understanding that I can deduct half of my self employment tax to adjust my total income?

Forum|Forum|4 years ago
March 3, 2022
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TurboTax Self Employed Online

Yes, as a sole proprietor, you are able to deduct 50% of your self-employment tax "above the line", that is, as an adjustment to gross income on Schedule 1 (1040). This will be done automatically for you when you complete enter income and expenses for Schedule C (your business)

Use this link for more information: The Self-Employment Tax

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