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R
rgallegos-proton
March 8, 2023
Question

If my w-2 income in 2022 was already over the social security limit do I also pay self-employment tax on my self-employment income?

  • March 8, 2023
  • 1 reply
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1 reply

M
MinhT1
March 8, 2023

If you have already paid SS tax on $147,000 on your W-2. then you do not pay the SS part (12.$%) of self-employment tax on your self-employed income.

 

But you still have to paid the Medicare part of self-employment tax (2.9%) and the additional Medicare tax of 0.9% (over $200,000 single or $250,000 MFJ).

 

Please read this IRS document for more information.

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