I own a small business. Do I need to pay Social Security tax?

 
Existing customers please login to check the status of your order at Infotax Square Login here (0) (0)
Category :
Posted On : 26th Nov 2010

 I own a small business. Do I need to pay Social Security tax?

If your net income from the business is $xxx or more, you must pay self-employment tax, which is the Social Security tax for a self-employed individual. The good news is one-half of your self-employment tax is deductible from your adjusted gross income.

0 Reviews from our clients

What people say about this article