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Taxes for Self-employed

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J

jnazareno

Member
What is the name of your state? CA

Hello,

Just wondering, just had my tax done by a cpa , looks like I'll be paying
social security, I thought as a self emplyed person that we are exempt from paying ss taxes ?


Let me know pls..

John
 


S

Snipes5

Senior Member
That is simply untrue. Self Employed actually pay all their own SS and Medicare taxes, whereas employed persons pay only half, and the employer pays the other half.

Snipes
 
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