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spurio59
March 1, 2024
Question

Self employed tax deduction for new jersey

  • March 1, 2024
  • 1 reply
  • 0 views

I complete a schedule C for my business.  The 1/2 of self-employment taxes is deducted on Schedule 1.  Is this tax deductible for the state of New Jersey as a business expense?  If so, how do you include it in Turbo Tax software?

1 reply

T
ThomasM125
March 1, 2024

No, that is not a business expense. It reduces your Self-employment tax on your federal return that is assessed on your self-employment income. As such is not an expense of doing business.

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