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April 13, 2020
Question

Is solar energy credit only apply to income tax due and not to self emlpoyenet tax for social security?

  • April 13, 2020
  • 1 reply
  • 0 views

If a I do not owe Federal Insome Tax but owe Self- Employment social security Tax, will my Solar Energy credit be applied to to the Self- Employment tax? I computed on Turbo tax but it does not carry over to the self-employemnt tax.  Please advise. Pete C  

    1 reply

    ColeenD3
    April 13, 2020

    No. Self-employment tax is a completely different tax. It is put toward your social security and medicare accounts. It is not Federal income tax.

    PceledonAuthor
    April 14, 2020

    Thank you Coleeen, you confirmed my answer. Pete C